BMW's CEO has stated that his company would not be interested in returning to Formula 1.
The German manufacturer which enjoyed a fruitful association with Brabham in the 1980s, powered Williams and Sauber from 2000 to 2009 before leaving F1 to focus its motorsport efforts on the German DTM series in 2012.
BMW won the series in 2012 and 2014 but speculation emerged recently regarding a possible return of the manufacturer to the pinnacle of motor racing with the aim of challenging the achievements of arch rival Mercedes.
Newly appointed BMW CEO Harald Krüger has now put that prospect to rest: "Formula 1 is not an option for us. It simply does not fit with our long-term strategy," Krüger said at the Frankfurt auto show this week.
The manager would not rule out an involvement at Le Mans however, and acknowledged the merits of Formula E, but in the interim BMW remains committed to the DTM.
"Motorsport remains part of BMW's core brand, and the DTM series is important to us."
Chris Medland's Singapore Grand Prix preview
2016 F1 driver line-ups so far
Click here for some of the most memorable crashes at Singapore
Keep up to date with all the F1 news via Facebook and Twitter
Alpine F1 has announced the appointment of former Ferrari and McLaren engineer David Sanchez as…
Visa Cash App RB aims to make a splash at this weekend’s Miami Grand Prix…
It wasn't so long ago that we thought Lewis Hamilton's move to Ferrari at the…
Sebastian Vettel will pay a fitting tribute to the great Ayrton Senna later this month…
The bets are on about Adrian Newey’s next move following Wednesday’s confirmation of his departure…
As announced by the Scuderia last week, Ferrari is embracing a splash of blue for…