BMW’s new GT3 racing cars have been sold off for scrap by the company.
A spokesperson for BMW told CricInfo the GT3s are being sold to auction as the automaker tries to get its business back on track.
“The GT3 family has been sold to an unnamed auction house for scrap, and the remaining cars will be auctioned at the end of the month,” the spokesperson said.
The spokesperson did not say whether the cars were BMW’s most valuable cars, or how much money the company is making off the sale.
The company, which is trying to revive its racing program after the death of team owner and former F1 driver Markus Mikkelsen, was hit by financial difficulties last year.
It said the sale of its cars to an auction house was the last straw, and it has had to sell its remaining production GT3 cars.BMW’s GT3 road cars are fitted with Michelin tyres, and are used on the F1 grid.
The company said it was aiming to sell them off for $1 million each.BMWs GT3 racers are used in the F3 series, the IMSA WeatherTech SportsCar Championship and the FIA GT World Championship.
The spokesman did not reveal who is bidding on the cars.