BMW Sauber loses its main sponsor Credit Suisse

 According to insider information, which has not been officially confirmed by Credit Suisse, the major bank does not intend to renew its partner and sponsorship agreement with the BMW Sauber Formula 1 team, which expires at the end of 2008. According to an internal CS source, this decision has definitely been made, according to a report in the Sonntagszeitung. According to the report, this development was foreseeable; back in 2005, when Peter Sauber wanted to sell his racing team to BMW, CS played along by agreeing to sell its two-thirds share in the team to BMW over a period of three years. CS has now sold all its shares by the end of 2008, and the CS logo on the racing cars is likely to disappear as a result. BMW Sauber's main sponsor is Petronas, where Peter Sauber works as a consultant.