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  • NEW METALLIC REGISTERS FOR NICHES

    IDE continues to widen its range of metallic products by launching the new METALLIC REGISTERS FOR NICHES.

    These registers are ready for installation in construction and pre-fabricated niches intended to house general protection casings as well as general protection and measuring casings.

    The registers have been designed to specifications set out in the REBT (Reglamento Electrotécnico de Baja Tensión – Low-Voltage Electro-Technical Regulations) in its standard ICT-BT-13. The various versions have been adapted to the standards and specifications unique to Electricity Distribution Companies.

    The wide variety of models means that the range can be used by the following Electricity Distribution companies:

    • SEVILLANA ENDESA
    • FECSA ENDESA
    • UNIÓN FENOSA
    • HIDROCANTÁBRICO
    • VIESGO
    • IBERDROLA NORTE – OESTE-CENTRO Y LEVANTE

    Security, versatility, and a wide of models – that is IDE’s offering, which covers the sector’s requirements.

  • On-board dosage system for Hakomatic scrubber-driers

    The exact dosage of cleaning agent is decisive for economy and the cleaning effect when it comes to wet cleaning. That is why Hako now also offers an on-board dosage system for the smaller scrubber-drier machines of the Hakomatic range.
    The solution has already proven itself for a long time in the large Hakomatic B 1100 and Hakomatic 1800.

    The on-board dosage system consists of a controlled pump, with which the output / flow rate of the cleaning agent is carried out, depending on the water supply. The system can also be used in machines without a water pump. Thereby the concentration is infinitely adjustable from 0.1 % to 1.0 % and always remains constant, even if the operator increases or reduces the water supply. Thus incorrect dosage (over dosage or low dosage) can be prevented.

    The cleaning agent is carried in a 2 litre container.
    With the cleaning agent recommended by Hako “Hako Cleanol-SE ECO”, which can be used in a concentration of 1:700. Using a Hakomatic B 70, for example, it is possible to achieve a range of 20 tank fillings. However all other cleaning agents suitable for use in machines can also be used.

    The dosage system pays off immediately for several reasons:
    On the one hand the exact dosage ensures the best possible cleaning result. In addition with the dosage system cleaning agent can be saved because over dosage can be avoided reliably.

    That makes it easy on the purse and at the same time protects the environment; no unnecessary pressure is put upon materials and sewage due to cleaning chemicals. Furthermore e.g. Cleanol-SE ECO is already available filled in a 2 litre can – as a result valuable working time is saved, as the tiresome transferral and filling of cleaning chemicals on the spot is no longer necessary.

    The new on-board dosage system is available for the manually operated Hakomatic B 30 to B 120 as well as for the ride-on machines Hakomatic B 650 R, B 750 R and B 910.

  • BATTERY-POWERED TRACKED AERIAL PLATFORM

    NEW HINOWA TRACKED AERIAL PLATFORM
    GOLDLIFT 14.70 BATTERY

    Hinowa S.p.A is proud to launch the first battery-powered tracked aerial platform world wide.
    The battery-technologies have been applied to the GOLDLIFT 14.70.
    The main characteristic is that – instead of a thermic engine – it is fitted with a 48 V electric engine with alternate current of 2000 Watt, supplied by a battery pack.

    For the battery pack it has been decided to use the lithium technology realizing the first aerial platform world wide with lithium-ion batteries.

    The lithium-ion technology derives offers different advantages compared with classic lead acid batteries:
    •Weight reduction: maintaining the same performances, the weight of these batteries is just about 1/3 of the traditional ones. Thanks to this it was possible to keep reduced the weight, one of the main features of the Hinowa aerial platforms.
    •No memory effect: this means that it is possible to recharge the batteries as much as one likes without running the risk of damages if the batteries are not completely empty when charging.
    •Average life of batteries about THREE times longer than traditional batteries.
    •Recharging time about HALF of the time needed for recharging traditional lead acid batteries.
    Furthermore there is a battery loader on board.

    Another benefit of the new battery-powered tracked aerial platform is the complete elimination of any acoustic emissions and exhaust gases protecting in this way the environment and the operator’s health preserving the well-known performances which have been decisive for the success of the Hinowa spiders, that’s to say:
    1) Lightness
    2) Reduced dimensions
    3) On tracks

    Also, thanks to the supply by battery, there are no more obligations to work close to a socket in order to be able to plug in the electrical cable that could create inconveniences during positioning operations of the aerial platform.

    The new Hinowa tracked aerial platform GOLDLIFT 14.70 BATTERY will achieve widespread success, first of all in the following application fields:
    • Airports,Hotels,Shopping centres, Hospitals, Museums, Government buildings, Schools, Universities, etc.

    The realisation of this first battery-powered tracked aerial platform world wide GOLDLIFT 14.70 BATTERY demonstrates once again that Hinowa is abreast of the times and anticipator of future technologies.

  • Metrohm’s 862 Titrosampler wins 2009 Silver IBO Design Award

    Metrohm is proud to announce that the 862 Titrosampler has been awarded the 2009 Silver Design Award by Instrument Business Outlook (IBO), a Los Angeles-based periodical dedicated to providing strategic information for the analytical and life science instrument industry.

    «The design of the 862’s base sets it apart from other automated titration systems», IBO states, and continues «Building a titrator into the autosampler allowed for a compact footprint while leaving it accessible and open».

    The 862 Compact Titrosampler accommodates 12 sample beakers and allows various determinations to be carried out fully automatically, including cleaning and conditioning the electrode between the determinations. The system features a large display, which allows the status of sample series to be followed via live titration curve. Sample series can be interrupted at any time to determine samples with higher priority. The 862 Compact Titrosampler can be operated by mouse click; various dialog options are available to adapt the instrument to the particular user
    .
    The IBO Design Award is a strong confirmation of Metrohm’s leading position in the market and their ability to combine cutting-edge technology with outstanding design.

  • Resident Evil grenades plushied!

     This sure is a gentle rendition. Grenade plushies for Resident Evil are now available. They’re no way the  kind of plushies you can cuddle …

  • Uncharted 2 update launched, new map for free

    The latest update for Naughty Dog’s blockbuster video game hit, Uncharted 2: Among Thieves, has been released. New maps are all yours, and most import…

  • Activision posts job listing for “soon to be announced” new IP

     A new game’s set to roll out from the garage of Activision, as this job listing indicates. A mere few days after the publisher unveiled the new …

  • Book Review: The Borderlands of Science

    The audiobook reviewed here is the ‘Borderlands of Science’ written by Michael Sherman and narrated by Grover Gardner. Gardner narrates at a moderate pace and with an expression that is able to keep the listener engaged over the 13 hours of the audiobook. Sherman’s book is about the areas at the ‘edge’ or borders of science and includes a discussion of the distinction between what he considers science, non-science and nonsense. I found myself sympathetic at times to Gardner’s arguments as he employs reasoning and evidence in his investigation of various fields. I found a central theme running through the book was that of evolutionary theory be this in the discussion of Edward Wallace’s codiscovery of natural selection and interest in spiritualism or a comparison of Darwin and Freud. Sherman is rather dismissive of Freud and psychoanalysis and relatively early in the book refers to psychoanalysis as a pseudoscience and later in his comparison of Freud and Darwin paints the picture of Freud as a celebrity in passing who’s writings have not stood the test of time in contrast with Darwin as a hero who’s greatness has increased through time as the validity of his theories have become increasingly evident. The manner in which Sherman paints the endeavours of a global body of psychoanalysts with a single label ‘pseudoscience’ is in my opinion unfortunate. This contrasts with Sherman’s discussion of the works of Frank Sulloway in establishing retrospectively a relationship between the works of great scientists and birth order supported in this same retrospective analysis with commentary on their personalities. While Sherman admonishes another author for the use of ‘confirmatory bias’ he himself applies this same bias to Freud by carefully selecting those statements made by Freud along with biographical details about him which when pastiched, caricature him as a self-styled conquistador who was preoccupied with his image and mythology. Freud has written on numerous occasions with humility imploring those who study his writings to employ them with due caution and to improve upon his theory. While there is much about Freud’s writings and approach that can be criticised he was a keen observer of human nature and had conducted basic science research and studied with one of the leading neurologists of his time Charcot before developing his methods of psychoanalysis. Freud’s writings are filled with references that will be familiar to clinicians such as the exclusion of organic states when examining the cases of ‘neurosis’ along with discussion with medical colleagues about appropriate management. This suggests that his practice was not an isolated ad hoc experimental journey led from his inner fantasy life but is instead an attempt to understand the mind through a systematic analytical process by a physician who was well versed in basic research methodology and who in his practice communicated, sought the opinions of and referred through patients to his colleagues in the medical profession. Indeed Sherman could on looking closely at some of Freud’s writings (see reviews here and here) see someone with similar values to himself as when Freud writes

    ‘There is no authority higher than reason’

    Such parallels become obvious secondary to a thorough analysis of the relevant branch of the history of science – in this case psychoanalysis.

    Similarly the field of psychoanalysis is far from an outdated model with no progress in research as suggested by Sherman but instead is supported by a variety of research studies broaching multiple disciplines (see as an example the debate (Wolpert and Fonagy, 2009)). Returning to the historical analysis by Sulloway as described by Sherman we hear of various speculations about the basis for these birth order findings. However it must be borne in mind that this is a retrospective analysis of a select group of figures. The speculation that follows can itself be considered prescience, in the sense that these speculations need to be backed up with evidence to stand on a firmer footing. These same speculations attempt to attribute a meaning that we can understand but ironically the meaning for an individual is much more likely to be afforded through the work done with an individual in therapy (depending on the objectives) than by the application of the results of group data analysis to an individual. Such group data works best at the group level but could properly be considered to offer a guide when applied to the individual because of the large number of confounders that may operate upon the relationship of interest. In addition the use of a five-factor model along with the birth-order is essentially a quantitative analysis. On the other hand an important feature of psychoanalysis which sets it up as a soft target is the use of a qualitative approach in which language and non-verbal communication aids the therapist in their role. Interestingly in communicating to the listener just what science is, Sherman is using the medium of language in a way which makes approximations and assumptions about the audience which may or may not be correct, references relationships and appeals to both reason and the emotion. In order to do so, it is reasonable to assume that Sherman values this medium sufficiently to use it as a vehicle for his message and in so doing he shares such an approach with therapists who communicate with each other through language and use language as a medium for therapy.

    The end result is that Sherman espouses a view of science in which Darwin’s theory of natural selection is an example par excellence of the results of this approach. However if science is an attempt to gain a better understanding of the universe, neutral and undisturbed by our values and prejudices then our path to this understanding does not need to be constrained by a single approach – the quantitative approach generating large data sets and supported by unquestionable statistics with very small p-values. There should be a tacit acknowledgment that there are areas where the descriptive language differs – such as the languages that optimally describe the mind and the brain (see review here). Indeed it is the language of the mind that Sherman uses when he appeals to our reasoning and our emotions and which he does so adeptly. What I consider to be a hidden subtext of the validity of quantitative versus qualitative methodology is illustrated by Sherman’s quotation of an fMRI study in which the findings are used to ‘debunk’ a psychoanalytic explanation. This is done by referring to the ‘expertise’ of the neuroimaging researcher but the dangers of glossing over the many assumptions in such research have been well illustrated (see review here).

    I would argue that when a subject such as psychoanalysis is reduced to a simple notion then significant elements of truth and utility get lost in the process. By this stage it is all too easy to apply the rather dubious notion of ‘pseudoscience’. As Einstein once said,

    ‘Everything should be made as simple as possible but not simpler’

    Of note, Einstein was working as a clerk at the patent office, isolated from the scientific community when he submitted his theory of relativity for publication, a theory which would be paradigm shifting and which he no doubt recognised as such. Interestingly Sherman discusses the above characteristics but in another context in which he predicts those who do not contribute meaningfully to science.

    In other parts of the book, Shermer is convincing as in his discussion of the Piltdown Man hoax and his treatment of the life of Wallace and his heretical traits. Sherman is extremely comfortable and knowledgeable in writing about Wallace and there is much to learn from the story of the cocreator of the theory of natural selection. Sherman is also comfortable in tackling controversial areas and uses his knowledge of science to convincingly address problems that do not seem to have obvious answers. Shermer’s approach polarises the subjects he explores and this can be useful in helping to make decisions that apply to those areas. At the same time, as in the case of psychoanalysis which does not adhere to Shermer’s idealised scientific method outlined above, it impacts not just on the theory but also has the potential to impact on the wider culture related to that body of theory and sensitivity is merited in any such discussion.

    References

    Michael Shermer. The Borderlands of Science. Narrated by Grover Gardner. Books on Tape. 2001.

    Wolpert L and Fonagy P. There is no place for the psychoanalytic case report in the British Journal of Psychiatry. In Debate. pp483-487. 2009.

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    Disclaimer

    The comments made here represent the opinions of the author and do not represent the profession or any body/organisation. The comments made here are not meant as a source of medical advice and those seeking medical advice are advised to consult with their own doctor. The author is not responsible for the contents of any external sites that are linked to in this blog.

  • The View – s13 | e59 – Fri, Nov 27, 2009

    Seth Green; Geralyn Lucas; Marlo Thomas

    Add this to your queue
    Added: Sat Nov 28 01:47:04 UTC 2009
    Air date: Fri Nov 27 00:00:00 UTC 2009
    Duration: 38:30

  • There’s just no other way to say it: thanks!

    How was your Thanksgiving, guys? A whole lot of turkeys unplucked just for the occasion, huh? Anyhow, if you don’t celebrate the occasion where you’re…

  • Oh Me, Oh My, … Dubai – 4 posts

    Bill-Coppedge original content selection by MortgageNewsClips.com

    Initial reaction …. meltdown probably averted. (BC)

    Dubai gambles with its financial reputation – By Jim Krane – … The ambitious sheikh wants Dubai to become the financial centre for a quarter of the globe, the under-served and fast-growing markets between Singapore and Frankfurt.  Wednesday’s announcement makes that goal less likely, damaging Dubai’s reputation among the investors and financiers it has worked so assiduously to court. “Naturally they are not amused,” says Eckart Woertz, chief economist at the Dubai-based Gulf Research Centre. “It will be a case of once bitten, twice shy should Dubai try to tap international markets again.” … – FT.com

    ————
    Emirate has a lot of explaining to do – By Roula Khalaf – … It came in a short statement about the restructuring of Dubai World, one of the emirate’s biggest and best-known companies, with the big news buried near the end.  But the decision to ask bondholders of the company and its most troubled subsidiary, Nakheel, to extend maturities from December to May 2010 was a bombshell. And the Middle East’s most glamorous and creative emirate will pay the price of its decision for a long time to come … – FT.com

    ————
    Black Swans – By Ray – The term “Black Swan” is used far too often in today’s discussions about the financial markets and it pertains to unforeseen events that cause havoc on the economy or the markets themselves. … In today’s discussion the news coming out of Dubai is being hailed as another Black Swan event as they are talking about delaying payment on some of their debt on December 14th.  The events in Dubai is the furthest thing from a black swan event as we have all known about this problem for the better part of 6 months or more. … – AnnuityIQ Blog

    ————
    The Problems in Dubai – Bob Eisenbeis – Will the spillover effects require action in the U.S. by the Federal Reserve?  The answer is, not likely. … Short-term, there is a movement away from the Middle East , but that is not likely to carry with it negative spillovers to Asian markets whose fundamentals haven’t changed. … Longer-term, US fundamentals haven’t changed, and the dollar is likely to continue to drift downward relative to other currencies.  Asian economies haven’t changed either. … – Cumberland Advisors

  • How to Ripen Papaya

    The best way to ripen a slightly green papaya is to place it in a paper bag and place it in the refrigerator until it is ripe.

    You can also place an apple or a banana in the bag to make them ripen faster.

    Once it has turned mostly yellow it has ripened. Take it out of the bag at this point so it doesn’t get too ripe.

  • Geiger continues excessive use of bright paint, boost with 790-horsepower Ford GT

    Filed under: , , ,

    Geiger Ford GT HP790 – Click above for a high-res image gallery

    Geiger, the German tuner with a fascination with American performance cars, generally produces modified vehicles in not-so-subtle and “look at me!” variations. This Ford GT encompasses both varietys, with plenty of performance upgrades to boot. Geiger has previously modified the Blue Oval’s retro supercar and ended up with impressive results – 701 horsepower, 617 lb-ft torque, and 0-60 mph in 3.5 seconds.

    This latest version takes it one step further, and the 5.4-liter V8 now produces 790 horsepower and 637 lb-ft torque thanks to a larger 4.0-liter supercharger that replaces the stock 2.3-liter unit as well as a larger throttle body and a new air filter. Geiger claims the same 0-100 km/h time of 3.5 seconds, probably limited by traction, but top speed has been stretched to 223 mph. Hit the jump for more details on this lime green beast and browse through the high-res image gallery below.

    [Source: GeigerCars.de]

    Continue reading Geiger continues excessive use of bright paint, boost with 790-horsepower Ford GT

    Geiger continues excessive use of bright paint, boost with 790-horsepower Ford GT originally appeared on Autoblog on Fri, 27 Nov 2009 19:58:00 EST. Please see our terms for use of feeds.

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  • How to Eat Papaya | Eating Papaya

    What’s the easiest way to eat a fresh, ripe papaya?

    First, cut it in half lengthwise. Scoop out the seeds (or leave them in – they are safe to eat).

    Now simply eat the fruit out of the peel with a spoon or a melon baller.

    Or you can peel the skin away from each half and then cut the fruit into slices or cubes to add to a smoothie or a salad.

  • RANT

    Today was so fun because we went to Busch Gardens and had a great day!

    And then, the day was pretty much ruined because of the disgusting selfishness of miserable American assholes.

    I’m waiting my turn to get gas. I was not directly behind the guy because I think it is rude to do that and rush people, so I was directly behind him, but with my blinker one. I was close enough to where it was definitely obvious about my intentions to get gas. I waited 10 minutes and then this suv pulls up directly next to me and takes my spot. I saw her look over at me, and then look the other way. I pulled closer to her and said, “Excuse me, I’ve been waiting…” She said, TOO BAD!! why aren’t you in line!?!

    I said, I’ve had my blinker on, I’ve been waiting!
    She rolls her eyes and just looks ahead. I said, ‘Really?! you’re going to be like that…it’s a fucking holiday…wow, you’re a fucking bitch..” Then Mirza said, “yeah that’s the American way, right? Just take whatever you want!” And she says, “I just call it like it is!!” This whole time I am calling her a bitch and miserable person and disgusting. Mirza tells her that he hopes god and jesus save her soul (we’re atheist).

    Then the guy leaves and she goes to take the spot and I pull up to block her (I’m crazy). I came within inches of hitting her. The whole time I am like NO!!! Then she pulls ahead of me because someone else left ahead of us.

    @#$%#$%#$^@#$%^$%^ I’m so disgusted!! Why wouldn’t she just say, “oh i’m sorry, I didn’t realize it” and let me in. obviously i was waiting, she saw, and did not care.
    When I drove away, she was getting gas, and I pulled up to her and told her, “you should be disgusted with yourself. I hope you never get sick and have to come to the ICU, YOU STUPID BITCH!!” I know, totally cheesy, but it was just how I felt. She laughed like the wicked witch as we drove away and flicked me off.

    When we drove down the street, I was so angry that it literally made me cry. Is this how humans treat one another?! I think it is this society. It makes me want to not go out at all and just lock myself away. I’m disturbed and TRULY SICKENED!!!

    I also want to add that this was not a young girl. This was a woman in her 50’s!!

    To not have an entire negative post, here is my Max:


  • Chevron staging a comeback with new GR8

    Filed under: , , , , ,

    The history of the British automobile is littered with dozens upon dozens of small, independent cottage-industry automakers. Names like Lotus, Jaguar, Aston Martin, Bentley, Rolls-Royce and Land Rover have stood the test of time. And in recent years companies like Ascari, McLaren Automotive and Ariel have sprung up to join the fold. (Heck, Lee Noble’s been responsible for half of them.) But for every new automaker that sets up shop in the UK, there are dozens more that have faded into the night: carmakers like Triumph, Sunbeam, AC, Austin-Healey and TVR. But one is making a comeback.

    Founded by Derek Bennett in 1965, Chevron Cars produced more than 60 distinct racing cars over the course of its history. But the Lancaster-based automaker has long since faded into obscurity. The marque now belongs to Westfield Sportscars, purveyors of Lotus 7 continuation cars, which is now preparing to bring back the Chevron with the design you see here.

    The new Chevron GR8 is being developed as the spiritual successor to the original G8, a lightweight mid-engine race car built in the late ’60s. The new car follows the same formula: a fiberglass body over a steel spaceframe with a 255hp 2.0-liter Cosworth engine mounted right in the middle. That might not sound like a lot of power, but the target curb weight of 1,322 pounds promises to keep the power to weight ratio on the fun side.

    Chevron is planning an initial run of 20 examples, each to be sold for £49,500 (about $82k). They’ll all be earmarked towards the GR8 Challenge, a new one-make racing series. After that, Chevron plans to turn the GR8 into a track-day special available for public consumption, but does not plan to make a road-going version. Which is a shame, because as many that spring up every so many years, we never get tired of British sportscars.

    [Source: Chevron via PistonHeads]

    Chevron staging a comeback with new GR8 originally appeared on Autoblog on Fri, 27 Nov 2009 19:01:00 EST. Please see our terms for use of feeds.

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  • 20 Facts About Papaya

    The papaya is the fruit of the Carica Papaya tree.

    It is native to southern Mexico and Central America and is now cultivated in many tropical regions.

    The fruit sometimes used to be referred to as a “tree melon.” In Australia it is called Papaw or Paw Paw.

    Today there are two varieties of papaya, Hawaiian and Mexican. The Mexican papaya can weigh as much as ten pounds while the Hawaiian usually weighs about a pound. It is the smaller Hawaiian papaya that is found in most produce aisles.

    The papaya was introduced to Hawaii in the early 1800s. Today, Hawaii is the only U.S. state that grows papayas commercially.

    In the 1990s, two genetically modified varieties of papaya were introduced to Hawaii, making papaya the first genetically modified food to be introduced into the United States food supply.

    Unripe, green papaya fruit and the leaves of the papaya tree contain an enzyme called papain. Papain has been used as a natural meat tenderizer for thousands of years and today is an ingredient in many commercial meat tenderizers.

    Its tenderizing properties are also being applied to the human body. Injections of papain enzyme are given to treat herniated discs. When Harrison Ford suffered a ruptured disc on the set of Indiana Jones and the Temple of Doom, he was treated with papain injections.

    Papain has other health benefits. it is also a natural digestive aid and can be applied topically in an ointment to treat burns, rashes, and cuts.

    In many parts of the world, unripe papaya has been used for centuries by women as a natural contraceptive and to induce abortion. Modern research has confirmed that unripe papaya does indeed work as a natural contraceptive and can induce abortion when eaten in large quantities.
    In addition, research has found that papaya seeds have contraceptive effects in male monkeys.

    Tea made from papaya leaves is consumed in some countries as protection against malaria.

    The Papaya Fruit Fly is a threat to the fruit.

    The seeds of the fruit resemble peppercorns and are edible. They can be ground up and used as a substitute for black pepper.

    Papaya leaves are steamed and eaten in parts of Asia.

    The bark of the papaya tree is often used to make rope.

    Ripe papaya is usually eaten raw. Unripe papaya can be eaten if cooked and is used in many sauces and dishes around the world.

    Papaya contains latex (the white sap that oozes out of an unripe papaya) which can cause an allergic reaction in people with a latex allergy. The greener (more unripe) the fruit is, the more latex it contains.

    As with eating too many carrots, eating too much papaya can cause carotenemia, the yellowing of the soles of the feet and the palms. It is temporary and goes away once excessive amounts of papaya are no longer being eaten.

    When buying papayas, look for ones that are mostly or completely yellow and give slightly to pressure. Green, hard papayas are unripe and will never ripen properly.

    A small papaya contains about 300% of the recommended daily amount of Vitamin C.

  • Cadbury Zingolo/Fairtrade

    Cadbury Zingolo/Fairtrade

    Cadbury Dairy Milk’s Fairtrade certification in the UK and Ireland is something worth singing about – so we are!

  • China finally approves genetically modified rice for commercialisation

    Exclusive: Top rice producer China approves GMO strain

    Checkbiotech

    Friday, November 27, 2009

    By Niu Shuping and Tom Miles

    In this item from BEIJING – there is news that China has approved its first strain of genetically modified rice for commercial production, according to Reuters two scientists involved in the approval process . This potentially eases the way for other major producers to adopt the controversial technology.

    The item indicates that approval of the locally-developed rice, as well as China’s first GMO corn, shifts the global balance of power in food trade and could prompt other countries to follow suit.

    Exclusive: Top rice producer China approves GMO strain | Checkbiotech

  • BMW reaches agreement to sell F1 team back to founder Peter Sauber

    Filed under: ,

    The future of Sauber F1 looks a little more secure. After BMW’s announcement earlier this year that it would withdraw from its involvement in Formula one at the end of the 2009, the automaker has reached a deal to sell the team back to eponymous founder Peter Sauber.

    The new deal comes just days after it became clear that the previously unknown Qadbak investment company that had a deal to buy the team may have in fact been nothing more than a scam. According to previous reports, Qadbak apparently just wanted to collect Sauber’s share of the F1 commercial money.

    Peter Sauber has apparently raised the financing to buy back the team he sold to BMW in 2005 although the announcement does not disclose the purchase price. The team is being restructured in accordance with new F1 rules designed to bring down costs, and the staff at team headquarters will be cut from the current 388 to 250, with the first batch of layoff notices landing in inboxes today.

    [Source: BMW]

    Continue reading BMW reaches agreement to sell F1 team back to founder Peter Sauber

    BMW reaches agreement to sell F1 team back to founder Peter Sauber originally appeared on Autoblog on Fri, 27 Nov 2009 18:02:00 EST. Please see our terms for use of feeds.

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