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Formula One
F1: Sauber Disappointed At Sponsor Loss
Peter Sauber has admitted disappointment that Petronas decided to switch its sponsorship to Mercedes for 2010 and beyond...
SPEED Staff / GMM  |  Posted January 03, 2010   GMM Newswire
Peter Sauber plans to retire soon. (Photo: LAT Photographic)
Peter Sauber has admitted disappointment that after 15 years with Petronas the Malaysian company decided to switch its sponsorship to Mercedes for 2010 and beyond.

"We knew that Petronas wanted to be with an automobile manufacturer," Sauber said in an interview with the Swiss weekly NZZ am Sonntag, "I am disappointed but not surprised.

"It has no direct impact on the budget for 2010, but of course it hurts. More money is always better, although of course we will try to have a title sponsor," he added.

In the wake of BMW's withdrawal and the collapse of the Qadbak buyout, the 66-year-old Swiss stepped in to rescue the team he founded in the early 90s.

Sauber also said he has "not decided" when an application to change the name of his Hinwil based Formula One team will be made.

But Sauber said that formalizing a new name for the team is "one of my smallest problems".

"The team is currently called BMW Sauber F1 Team, because we registered ourselves as such with the FIA, and that's how we will line up.

"It is not decided at present when we will submit an application for a change of the name," Sauber, whose 2010 car will use a Ferrari power train, added.
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