BMW threaten to quit F1

Pferdestärke · 30th April 2004, 17:45

BMW threaten to quit F1

London (espnstar.com) - BMW are once again sabre rattling and have threatened to quit Formula One and start up a new series - Grand Prix World Championship - with the leading five car manufacturers if the sport does not remain attractive to the company.

Spokesman Burkhard Goeschel was responding to FIA president Max Mosley's proposal for a new set of rules for the 2008 season after the secretive Concorde Agreement come to an end.

"F1 has to change its style of management or BMW and fellow manufacturers are off to the GPWC. It has to be managed like an industrial company. There is room for discussion but a new series might be one solution.

"If F1 is going another way which is not congruent with our ideas and values as BMW then we would change to another kind of motorsport," Goeschel said.

However, not everyone believes the GPWC will carry out their threat. "I don't think there's going to be another championship. There will be one championship, the FIA Formula One world championship," said Minardi boss Paul Stoddart.

GPWC, the company founded by DaimlerChrysler, Ford, Fiat, Renault and BMW to look after their interests, upped the anti last week by pulling out of negotiations with F1 guru Bernie Ecclestone and Slec, the company jointly owned by Ecclestone and several banks, and which owns the rights to the sport.

Goeschel said he hoped the talks could be restarted and that the GPWC would not have to go ahead with their threat to set up a rival championship in 2008. "We didn't see any effort from the shareholders of Slec to realise the task they have," he said. "Now we are waiting."

Source : ESPNStar.com

S350L-E240 · 30th April 2004, 18:16

Whatever happens F1 or new series! I just want to see better competetion!!

vishnugnair · 2nd May 2004, 05:36

why is bmw quitting ..is it the money or they r tired of losing. i think htey need to hire smartly and be less extravagant when it comes to their lauches. have cost cutting intiatives like toyota...!

GTO · 3rd May 2004, 01:55

Quote:

Originally Posted by [b

Quote[/b] ]why is bmw quitting ..is it the money or they r tired of losing.

As the article very clearly states, BMW will quit F1 only in favor of the GPWC...not from the sport altogether. And BMW is not the first to be vocal about this...Ferrari (Fiat), Mercedes, Renault and Ford have also offered support to the new championship. These manufacturers are unhappy about the present and proposed new rules, about the way Formula 1 income is divided and their lack of control over the sports decision making.

GTO

Hatari · 3rd May 2004, 02:14

think the top 6 teams will act a lil pricey..
dont think they really want to create a new F1 series..

just putting some pressure on bernie to give them a larger piece of the pie..
which they deserve..

GTO · 3rd May 2004, 02:50

Quote:

Originally Posted by [b

Quote[/b] ]

think the top 6 teams will act a lil pricey..
dont think they really want to create a new F1 series..

just putting some pressure on bernie to give them a larger piece of the pie..
which they deserve..

Took the words right outta my mouth. Its nothing but a very obvious pressure tactic to get ol man Bernie into their loop

GTO

naveendhyani · 22nd September 2006, 11:47

on the other hand, what keeps from the manufacturers from starting their own GP which will have "sporting" people as authority rather than than people who have never been in their car's drivers seat.

with any sport the "governing" people must be from the sport themselves.

Dippy · 22nd September 2006, 13:13

Two and half year old thread

Closed....

30th April 2004, 17:45	#1
Pferdestärke BHPian Join Date: Mar 2004 Location: Mumbai Posts: 311 Thanked: 18 Times	BMW threaten to quit F1 London (espnstar.com) - BMW are once again sabre rattling and have threatened to quit Formula One and start up a new series - Grand Prix World Championship - with the leading five car manufacturers if the sport does not remain attractive to the company. Spokesman Burkhard Goeschel was responding to FIA president Max Mosley's proposal for a new set of rules for the 2008 season after the secretive Concorde Agreement come to an end. "F1 has to change its style of management or BMW and fellow manufacturers are off to the GPWC. It has to be managed like an industrial company. There is room for discussion but a new series might be one solution. "If F1 is going another way which is not congruent with our ideas and values as BMW then we would change to another kind of motorsport," Goeschel said. However, not everyone believes the GPWC will carry out their threat. "I don't think there's going to be another championship. There will be one championship, the FIA Formula One world championship," said Minardi boss Paul Stoddart. GPWC, the company founded by DaimlerChrysler, Ford, Fiat, Renault and BMW to look after their interests, upped the anti last week by pulling out of negotiations with F1 guru Bernie Ecclestone and Slec, the company jointly owned by Ecclestone and several banks, and which owns the rights to the sport. Goeschel said he hoped the talks could be restarted and that the GPWC would not have to go ahead with their threat to set up a rival championship in 2008. "We didn't see any effort from the shareholders of Slec to realise the task they have," he said. "Now we are waiting." Source : ESPNStar.com
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30th April 2004, 18:16	#2
S350L-E240 Senior - BHPian Join Date: Apr 2004 Location: India Posts: 1,416 Thanked: 393 Times	Whatever happens F1 or new series! I just want to see better competetion!!
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2nd May 2004, 05:36	#3
vishnugnair BANNED Join Date: Apr 2004 Location: Manipal Posts: 286 Thanked: 0 Times	why is bmw quitting ..is it the money or they r tired of losing. i think htey need to hire smartly and be less extravagant when it comes to their lauches. have cost cutting intiatives like toyota...!
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3rd May 2004, 02:14	#5
Hatari Senior - BHPian Join Date: Feb 2004 Location: Calcutta Posts: 1,872 Thanked: 874 Times	think the top 6 teams will act a lil pricey.. dont think they really want to create a new F1 series.. just putting some pressure on bernie to give them a larger piece of the pie.. which they deserve..
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22nd September 2006, 11:47	#7
naveendhyani BHPian Join Date: Feb 2006 Location: Melbourne Posts: 542 Thanked: 9 Times	on the other hand, what keeps from the manufacturers from starting their own GP which will have "sporting" people as authority rather than than people who have never been in their car's drivers seat. with any sport the "governing" people must be from the sport themselves.
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22nd September 2006, 13:13	#8
Dippy Senior - BHPian Join Date: Feb 2004 Location: Mumbai, India Posts: 7,558 Thanked: 2,462 Times	Two and half year old thread Closed....
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