Image source: Autosport
P1racenews AI automatic summary:
Audi confirms takeover of Sauber; appoints Seidl as F1 CEO
Audi has approved plans for a full takeover of the Sauber team from Islero Investments AG, earlier than initially expected by 2026. Oliver Hoffmann, former chief development officer of Audi, has been appointed as chairman of the Sauber companies, working alongside CEO Andreas Seidl. Manfred Doss, Chairman of the Supervisory Board of Audi, highlighted the significant challenge and financial commitment of entering Formula 1. This accelerated takeover and management restructuring aims to prepare for the 2026 season launch. Hoffmann and Seidl’s extensive experience in motorsport positions them well for leading Audi’s F1 venture towards competitiveness.
