VW Group will discuss F1 racing for Audi and Porsche next month, paper says – Automotive News Europe

BERLIIN– The Volkswagen Group managerial board might make a decision following month whether its Audi and also Porsche subsidiaries must contend in Formula One, German service paper Frankfurter Allgemeine Zeitung (FAZ) reported.

Getting in the auto racing collection, which is preferred in Europe, would certainly be expensive however would certainly provide both brand names raised advertising direct exposure in essential Asian markets consisting of China and also to an expanding target market in the U.S.

Both Audi CEO Markus Duesmann and also Porsche employer Oliver Blume are eager for their brand names to sign up with the competitors, the paper stated.

F1 manager Stefano Domenicali, a previous VW Group exec and also head of its Lamborghini supercar brand name, is pushing the car manufacturer’s board for a choice quickly so he can wrap up financially rewarding television advertising and marketing agreements, the record stated.

VW Group’s managerial board will certainly review the issue at the end of February, FAZ claimed, including that team CEO Herbert Diess has actually long been thought about a supporter of entrance right into F1.

The auto racing collection is transferring to come to be CO2-neutral from 2026 forward, utilizing energized powertrains as well as artificial gas.

Under even more climate-friendly problems, both costs brand names would certainly have the ability to validate an extremely pricey Formula One dedication from a sustainability point of view.

According to details from the FAZ record, Audi and also Porsche wish to collectively establish a F1 powertrain to conserve expenses. They would certainly not to be simple engine providers yet would certainly take on their very own auto racing groups.

Running expenses for a leading rate F1 group can easy cover a number of hundred million euros per period, and also just a component of that financial investment is returned in the type of sponsorship cash.

The record stated arrangements with the McLaren and also Red Bull competing groups go to a sophisticated phase. These entail an acquisition deal for McLaren by Audi and also close Porsche participation with Red Bull.

Audi as well as McLaren rejected first reports of a requisition of McLaren in November, nevertheless McLaren claimed it is open to modern technology cooperation “with appropriate companions and also distributors.”

The McLaren F1 group presently makes use of engines from Mercedes-Benz.

In a meeting with Auto Bild Motorsport previously this month, Domenicali made favorable advances to VW Group.

“I assume we have a crucial month in advance of us in regards to the Volkswagen Group’s choice,” he claimed. “Getting included would certainly be fantastic, however I can not talk in support of VW. I became part of this unbelievable team for a couple of years, and also I recognize exactly how tough they are working with the future.”

Porsche had actually formerly completed in Formula 1 with a group in the 1950s as well as 1960s and also offered the power system for 4 globe champion titles for McLaren in the 1980s. Porsche took out from the premier course in 1991.

According to details from the FAZ record, Audi and also Porsche desire to collectively establish a F1 powertrain to conserve prices.”I assume we have a vital month in advance of us in terms of the Volkswagen Group’s choice,” he stated. Porsche had actually formerly completed in Formula 1 with a group in the 1950s and also 1960s as well as supplied the power system for 4 globe champion titles for McLaren in the 1980s.

Source: https://europe.autonews.com/automakers/vw-group-will-discuss-f1-racing-audi-and-porsche-next-month-paper-says

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