But he said that elsewhere in the world, BMW had made a good start to the year.
In 2004, BMW was the first automobile manufacturer in the world to integrate iPod in the audio system.
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Daimler aims for its Mercedes brand to overtake BMW and VW's Audi as the world's biggest selling luxury carmaker by 2020.
The M1 was developed for BMW to be able to participate in the World Sportscar Championships, which required the production of a certain number of road-going versions of each race car.
BMW's DriveNow programme, and all its customers' schemes, are part of broader efforts across the world aimed at offering "flexible mobility solutions in cities", according to Ian Robertson, BMW management board member in charge of sales and marketing.
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These include some of the world's leading companies, such as BMW, Lloyds, Nestle, Philips and Shell, as well as US government departments and the UK's Parliament.
Kubica, hailed as a future world champion since he replaced Jacques Villeneuve at BMW Sauber mid-way through 2006, set about building enough of an advantage to enable him to make a second stop without losing the lead.
Twenty-six year old Camilo Villegas climbed to number seven in the world rankings this year after successive wins at the BMW Championship and the Tour Championship.
The biggest brands in the world: Coca-Cola, Apple, BMW and You.
Montgomerie is aiming to get back inside the world's top 50 after next week's BMW Championship at Wentworth to qualify automatically for the US Open.
"It has been clear for some time that motorsport cannot ignore the world economic crisis, " it said in a statement released after BMW's announcement.
Luxury carmakers BMW, Audi and Mercedes-Benz all watched their sales rise by double digits world-wide during the same period.
BMW, DaimlerChrysler, Renault, Honda and Toyota revealed their proposals for a Grand Prix World Championship (GPWC) at a meeting with nine F1 teams.
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What does BMW know about mobile data networks, how do they role out M2M services around the world, how do they deal with app development, what OS should they use, how do you deal with regulations regarding driver distraction in France vs Chile vs Japan vs a thousand other locations?
World class car companies like Mercedes Benz, Volkswagen, Nissan, Hyundai, and BMW, have moved to the region.
Whiting's statement contradicted an announcement by the FIA's world council on 24 June which listed the eight Fota teams - McLaren, Ferrari, Renault, BMW, Toyota, Brawn, Red Bull and Toro Rosso - as confirmed entries.
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