Williams extend BMW partnership 27 Jun 2003
The Williams Formula One team and engine partners BMW have extended their existing contract for an additional five years, it was announced on Friday.
With the pair's current arrangement due to expire at the end of 2004, the new agreement will now see the two companies contesting the world championship together through to the conclusion of the 2009 season.
"I have every confidence that with the structure of this new agreement we will be able to draw from a deeper pool of BMW resource," said team principal Frank Williams of the new deal, which will see the two parties work even more closely together. "When added together with the technical competence and determination to win at WilliamsF1, I believe that this relationship will yield significant dividends."
The commencement of the new partnership will also coincide with major investment in the team's capital facilities coming on stream, including a second new state-of-the-art wind tunnel facility due to be operational in early 2004.
Williams' partnership with BMW began in 2000. Since then they have won six Grands Prix together and currently lie third in the 2003 constructors' standings.