I enjoy watching formula one racing because it represents the pinnacle of automobile engineering. How to make a four wheel vehicle go as fast as possible around a race track.
I don't have the latest numbers, but at one time I had read that it is the most popular sport in the world. It is an area where car manufactures spend a fortune and bet their reputations on being able to compete.
But it is expensive, and sometimes the cost is hard to justify. Late last year Honda decided that it could no longer justify its participation in this racing series. What struck a lot of people as ironic was that Honda had spent a fortune on its team and cars in preparation for the 2009 season, and then pulled out. So what happened? A new team called Brawn was formed from the Honda team, and the miracle happened. The new team has been number one and left Ferrari and more experienced teams in the dust so far this year.
Now BMW has decided that they will be leaving Formula One this year. BMW become involved when they took over the Sauber team ahead of the 2006 season. So far BMW has had a very poor 2009 season. It is now eighth in the constructors standing.
Mercedes, the other major German car maker involved in Formula One, said it regretted BMW's pullout, "but it will have no influence on our F1 engagement."
Formula One management has been pushing to reduce the costs and add new teams. This latest news from BMW gives strength to their argument.
For more details about this decision: http://www.google.com/hostednews/ap/article/ALeqM5id5sOxCNKIZpNSItukVGva9woSiwD99O2M7O0
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