Reports: Formula one to soon see Audi and Porsche on the grid as Volkswagen plan to announce decision soon

Reports: Formula one to soon see Audi and Porsche on the grid as Volkswagen plan to announce decision soon

Formula One is definitely working on expanding its market and fanbase. It plans to add more races in new exciting venues, with the latest entrant being Las Vegas which will host the Las Vegas GP night race from 2023. The current 10-team constructor’s grid in Formula One is likely the next to get a shakedown as Volkswagen plan to step into the elite sport.

Audi and Porsche, two reputed German automobile companies under the Volkswagen group have been in the news for the past few years. Both companies have shown interest in being a part of Formula One. The decision comes as Volkswagen grapples with uncertainty over the impact of Russia’s invasion of Ukraine on its finances, which will also be discussed at next Thursday’s meeting.

Reuters have now reported on a story run by Business Insider which states that Volkswagen will take the decision of Audi and Porsche joining Formula 1 likely by next week. Volkswagen has declined to comment but sources have quoted there is a good chance for the two brands to receive a green light for their new venture.

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Audi & Porsche likely to partner up with Red Bull and Mclaren

Porsche
Porsche

Volkswagen group’ Porsche had previously considered supplying power units to Red Bull after Honda decided to quit the sport in 2021. Porsche came close to giving the green light on an F1 entry back in 2017, only for the extension of F1’s power unit regulations beyond 2021 to derail those plans. Its LMP1 programme came to an end in 2017 in favour of a move into Formula E, but it will return to the top class of sportscar racing at Le Mans next year when its LMDh programme gets underway.

Audi too was Reportedly in talks with Mclaren and had offered 500 million Euros to acquire the team. McLaren CEO Zack Brown said the team was “definitely not for sale” and not looking for further equity partners. Audi and McLaren denied reports that a partnership between the two brands had already been formed but said that it was under discussion, with a decision to be expected this year.

Despite no official response from the Volkswagen group, sources have informed Reuters, “We will hopefully be able to communicate our intention to enter into Formula 1 then,” one source is quoted as saying, while another indicated there was a “good chance” of a positive outcome very soon. McLaren and Red Bull were not immediately available to comment either.

Volkswagen’s ultimate decision will rest on whether Formula One follows through on its plans to switch to synthetic fuels by 2026. The company is desperate to clean up its image from the Dieselgate emissions scandal and remain in line with governmental carbon reduction targets.

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