You are using an older browser version. Please use a supported version for the best MSN experience.

Audi Boss Rules Out Possibility of Formula 1 Bid

Motor Trend logo Motor Trend 5/19/2015 Alex Nishimoto

Though last week Audi boss Rupert Stadler wouldn't deny rumors that the brand would enter the Formula 1 World Championship, he recently put an end to the speculation, telling German newspaper Handelsblatt that "Formula 1 needs to solve its problems on its own."

Audi R18 e Tron© Provided by MotorTrend Audi R18 e Tron

Rumors of an Audi F1 effort resurfaced last week in the wake of Volkswagen Group supervisory board chairman Ferdinand Piech's departure. Piech was staunchly opposed to an F1 bid, so his stepping down fueled speculation that an Audi Formula 1 team was back on the table. The rumors were nearly solidified when top team Red Bull Racing came out and said they would quit the series unless they could partner with Audi.

It's unclear exactly which problems Stadler was referring to, but one of them could be the astronomical costs involved in fielding an F1 team. To remain competitive, many top teams have annual budgets in excess of $200 million. With the latest announcement, Audi will likely continue to race sports car prototypes in the World Endurance Championship, which is arguably as much a top-tier motorsport as Formula 1. Audi will attempt another victory at the 24 Hours of Le Mans this June.

Source: Handelsblatt via Reuters

AdChoices
AdChoices

More from Motor Trend

Loading...

image beaconimage beaconimage beacon