P1racenews AI automatic summary:
Volkswagen AG has decided to bolster its Formula 1 intentions, announcing Friday that Audi plans to take a 100% stake
Audi has confirmed its decision to increase its involvement in Formula 1, with Sauber CEO Andreas Seidl appointed as Audi F1 CEO to lead the project. Oliver Hoffmann will oversee the entire Audi F1 operation, including the Hinwill base and the development of the Audi power unit. Hoffmann will also take on roles as General Representative of the Audi F1 project and Chairman of the Board of Directors of Sauber companies. This move will see Hoffmann stepping down from his Technical Development role on the Audi Board of Management. The decision to enter Formula 1 is seen as a significant sporting and financial commitment for Audi, with plans to accelerate preparations for the 2026 season by taking full control of the Sauber Group.
