Volkswagen will formally agree to Audi and Porsche’s F1 entry next week, sources said. Strong rumors have been circulating for months about the two brands, but official confirmations are likely to be announced shortly.
Archyde.com reported that two sources confirmed that Volkswagen is likely to give a go-ahead to Audi and Porsche’s F1 entry next week. Earlier, Archyde.com reported that the final deadline for the decision was scheduled for the end of March.
One source said there was a “high chance” that the board would approve the F1 plan. Volkswagen itself declined to comment, but the news was also reported by Business Insider earlier this month.
The story of F1 entry by Audi and Porsche has been around for a long time. The two brands have been said to partner with the existing F1 team.
Porsche is said to be affiliated with Red Bull Racing and Audi is affiliated with McLaren. Rumor has it that Audi is willing to pay € 500 million for its partnership with McLaren. Previously, McLaren Racing CEO Zak Brown and McLaren F1 Team have confirmed that they had a meeting with Audi.
The decision will be made at a difficult time for Volkswagen, who is suffering from uncertainty about the effects of the war in Ukraine. The situation will be discussed at the meeting.
Category: Category: F1 / Volkswagen / Audi / Porsche