BMW sells F1 team to Swiss foundation

[Sherlene]

The German car manufacturer BMW on Tuesday said it has sold its Hinwil based formula one team BMW-Sauber to a Swiss-based foundation.A media statement described the buyer, Qadbak Investments, as representing “the interests of certain Middle East and European based families”.“The contract was signed today,” said BMW, also revealing that Swiss national Lionel Fischer will [...]

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