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Audi Exploring Entry Into Formula One Racing

German carmaker Audi is methods into Formula One, with partnerships with established racers groups like McLaren, Red Bull and Williams mooted within the press on Wednesday.

Audi’s supervisory board mentioned the choices at a gathering in Stuttgart, together with “potential transactions” with McLaren, in response to Bloomberg News.

“We continually have a look at totally different cooperation concepts within the scope of our strategic issues,” a spokesperson for Audi informed AFP.

On Monday, McLaren denied stories that it had been bought by Audi, saying the group’s “know-how technique has at all times concerned ongoing discussions and collaboration with related companions and suppliers.”

But Volkswagen subsidiary Audi is alleged to have made a suggestion for McLaren, which was deemed too low by the British firm, in response to Bloomberg.

Audi was additionally contemplating “various partnerships with the likes of Red Bull Racing or Williams Racing”, Bloomberg stated.

Like the remainder of the Volkswagen car steady, Audi is pivoting in the direction of electrical automobiles and hopes to make use of the entry to showcase inexperienced know-how, in response to the German press.

A situation for Audi’s curiosity is that the elite racing competitors “makes use of hybrid energy and e-fuels from 2026″, explained German financial daily Handelsblatt, recalling that Audi CEO Markus Duesmann is a “racing fan”.

Before becoming a member of the Volkswagen group, Duesmann was additionally for a few years an engine developer for BMW’s Formula 1 groups.

A last resolution on any partnership or buy wouldn’t be made earlier than 2022, an Audi supply informed AFP.

McLaren’s principal shareholder is the Bahrain sovereign wealth fund, Mumtalakat.

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