Audi supervisory board to discuss McLaren partnership on Wednesday – sources – Reuters

HAMBURG, Nov 16 (Reuters) – Audis supervisory board will go over on Wednesday methods for the business to get in Formula One, consisting of via possible partnership with McLaren Automotive, 2 sources informed Reuters on Tuesday, including no decision has actually yet been made.
The board of Volkswagen (VOWG_p. DE), which owns Audi, talked about the matter of getting a foot into the Formula One market at a meeting last week, said 2 sources who decreased to be called.
Audi CEO Markus Duesmann and Porsche CEO Oliver Blume were called “ardent fans of Formula One”, one source stated.
McLaren Automotive on Monday rejected a report that Audi had actually bought the British high-end sportscar maker, however left the door available to technological collaboration “with appropriate partners and providers.”
A representative for Audi informed Reuters it was “taking a look at various cooperation ideas” however did not validate whether it was going over a possible sale with McLaren.
Acquiring the carmaker would put a 2nd supercar in Audis books together with Lamborghini, which it has actually owned since 1998.
German publication Automobilwoche reported on Sunday that Audi was particularly thinking about the Formula 1 department.
Reporting by Jan Schwartz, Christina Amann, Writing by Victoria Waldersee, Editing by Miranda Murray
Our Standards: The Thomson Reuters Trust Principles.

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