Williams is considering selling its Formula 1 team and entire company group after posting a £13m loss last year.
The momentous decision marks a major change in policy for a company whose founder, Sir Frank Williams, had always insisted on retaining control.
A “new strategic direction” could involve a whole or partial sale of the company, including the F1 team.
Williams also says it is in “preliminary discussions with a small number of potential investors”.
More to follow.
This article was originally published by Bbc.co.uk. Read the original article here.