Frankfurt, Germany - Audi has no plans to enter Formula One, the company said on Monday, seeking to end speculation that the sportscar maker was tempted to broaden its commitment to motor racing.
“This is not a topic for us,” a spokesman for the premium brand, which is owned by Volkswagen, said.
German daily Handelsblatt on Monday reported that Audi chief executive Rupert Stadler had ruled out an entry into Formula One after speculation of a partnership with former champion Red Bull.
Handelsblatt quoted Stadler as saying: “Formula One needs to solve its problems on its own.”
The sport is seeking to make cars faster and louder again to maintain its allure.
KEEPING THINGS OPEN
Last week Stadler was quoted as saying Formula One remained an option for Audi. He told Britain's Auto Express magazine website that “in life you must keep things open”, in response to a question about the sport.
There has long been speculation about whether Audi might be tempted into Formula One, and it increased after Volkswagen chairman Ferdinand Piech quit in April.
Piech was seen as being strongly opposed to Formula One where top teams have annual budgets of more than $200 million (R2.4 billion).
Audi competes in the Le Mans annual endurance race, the German Touring Car series and the fledgling Formula E competition for battery-powered electric cars.
Reuters