Decision on Audi-McLaren deal could take until next year – sources – Reuters

Volkswagen (VOWG_p. DE), which owns Audi, went over whether to get a foot into the Formula One market at a meeting last week, two sources who declined to be called informed Reuters on Wednesday.

The Audi logo is seen on the vehicle at the production line of the German automobile manufacturers plant in Ingolstadt, Germany, March 14, 2018. REUTERS/Michael Dalder

BERLIN/HAMBURG, Nov 17 (Reuters) – A choice on a possible collaboration in between Volkswagens Audi (VOWG_p. DE) and British sportscar maker McLaren was discussed at Audis supervisory board conference on Wednesday but will likely take up until next year, 2 sources informed Reuters.
Volkswagen (VOWG_p. DE), which owns Audi, discussed whether to get a foot into the Formula One market at a meeting recently, 2 sources who decreased to be called told Reuters on Wednesday. find out more
Its ultimate choice will rest on whether Formula 1 follows through on its plans to change to synthetic fuels by 2026, a source told Reuters, and on McLarens progress regarding electrification of its automobiles.
Volkswagen has invested one of the most of any international carmaker without a doubt in electrical lorry production and batteries in an effort to clean up its image from the Dieselgate emissions scandal and remain in line with governmental carbon reduction targets.
Audi declined to talk about a specific partnership with McLaren, however stated it was “regularly checking out various cooperation ideas”.
McLaren did not immediately respond to an ask for comment.
The British sportscar maker told Reuters in February it was seeking to generate revenue by selling some of its brand-new technology to other automakers, including a brand-new in-house produced carbon chassis to reduce the cars weight. check out more
Red Bull has actually dealt with the Volkswagen Group in the past, notably on the planet rally champion before the German manufacturer withdrew, and there has actually long been talk of a partnership with Audi or Porsche in Formula One.
McLaren would put a 2nd supercar on Audis books together with Lamborghini, which it has managed because 1998.
Reporting by Jan Schwartz, Writing by Victoria Waldersee, editing by Emma Thomasson, Elaine Hardcastle
Our Standards: The Thomson Reuters Trust Principles.

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