30 Jul 2009

FIA says BMW's exit could have been avoided

7:41 am on 30 July 2009

Formula One's governing body is saying BMW's shock exit from the sport could have been avoided had some team bosses been less resistant to cost-cutting regulations.

BMW have announced they'll be pulling out as a team and engine supplier at the end of this year just as the teams, the FIA and formula one's commercial rights holders were preparing to sign a new 'Concorde' agreement binding them to the sport until at least the end of 2012.

The FIA expressed regret but no surprise at the Munich-based carmaker's decision.