Audi to decide whether to enter Formula One by second quarter – source – Reuters

BERLIN, Jan 12 (Reuters) – Volkswagens Audi (VOWG_p. DE) will decide on whether to go into Formula One towards the end of the very first quarter or start of the 2nd quarter of this year, a source near to the matter informed Reuters on Wednesday.
The subject will be gone over at a supervisory council conference at the end of February but a decision will not be made until later, the source stated, decreasing to be called.
German paper F.A.Z. reported on Wednesday that Volkswagens supervisory board would decide at the end of February whether both Audi and luxury brand name Porsche would sign up with F1.

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Reporting by Christina Amann, Victoria Waldersee; Editing by Hugh Lawson
Our Standards: The Thomson Reuters Trust Principles.

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Volkswagen declined to comment. A representative for Porsche stated the choice was still being examined and no further remark could be made.
Sources told Reuters at the end of last year that the choosing factor for Volkswagen on whether or not to enter F1 was whether it follows through on its strategies to switch to synthetic fuels by 2026. read more
Media reports at the time claimed that Audi had bought British high-end sportscar maker McLaren, which both business denied. Sources told Reuters at the time that a possible collaboration was on the table, but not yet chosen. check out more

An Audi logo design is seen at the Audi Center Brussels cars and truck dealer, in the middle of the coronavirus disease (COVID-19) break out in Brussels, Belgium May 28, 2020. REUTERS/Yves Herman

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