F1: Why is Sauber carrying the BMW name while using Ferrari engines?

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From GMM

The Swiss Formula 1 team Sauber has still not decided when to officially drop 'BMW' from its official name.

The Hinwil-based squad is still officially known as BMW Sauber F1 Team, despite the total withdrawal of the German carmaker.

The name has been retained so as not to jeopardise the commercial revenues due from Sauber's sixth place in the 2009 world championship.

But with no ongoing involvement from BMW, the situation means Sauber's chassis this year is awkwardly known officially as the BMW Sauber Ferrari, due to the use of a Ferrari customer engine.

When asked why 'BMW' is still part of Sauber's official name, boss Peter Sauber told Switzerland's 20 Minuten : "It's very simple. We enrolled last summer with that (BMW) name for the 2010 season and it is still our name.”

"We have not yet made an application to change it, and the timing of that is still open," Sauber added.

photo: Sauber