This morning BMW announced that they are to withdraw from the sport at the end of the season, creating uncertainty for the staff employed at the Hinwil facility as well as in the drive-train Munich factory. Following the announcement, the FIA responded and reiterated that the decision
by the German car-maker underlined the importance of cutting costs in the sport.
"It has been clear for some time that motorsport cannot ignore the world economic crisis," the FIA said in a statement. "Car manufacturers cannot be expected to continue to pour large sums of money into Formula One when their survival depends on redundancies, plant closures and the support of the taxpayer.”
In a swipe at the Formula One Teams' Association, which opposed FIA president Max Mosley’s £40m (€46m) budget cap for next season, the FIA added that massive cost cutting was “needed to alleviate the pressure on manufacturers following Honda's withdrawal but also to make it possible for new teams to enter.
Had these regulations not been so strongly opposed by a number of team principals, the withdrawal of BMW and further such announcements in the future might have been avoided."
The sport’s governing body went on to say that as a result of its determination to drive down costs of competition, new measures are in the process of being agreed that should make it easier for new entrants to join the series and for existing teams to finance their programme.
“It is no secret that these measures do not go as far as the FIA would have liked but a compromise was needed in the interests of harmony in the sport. Hopefully it will be enough to prevent further withdrawals and provide a solid foundation for Formula One,” the statement concluded.