P1racenews AI automatic summary:
Rumours are developing regarding South Korean auto giant Hyundai stepping up its interest in buying a Formula 1 team. Hyundai currently competes at the FIA World Championship level in Rallying, maintaining a presence in the World Rally Championship since debuting the i20N in 2014. The South Korean marque, whose WRC effort is now run by […]
Hyundai is currently competing at the FIA World Championship level in Rallying, participating in the World Rally Championship since introducing the i20N in 2014. The South Korean brand, now managed by Cyril Abiteboul, secured the manufacturers’ crown in both 2019 and 2020. Reports suggest that Hyundai aims to venture into Formula 1, but as of now, no F1 teams are available for purchase, making entry challenging. While Hyundai’s bid may face obstacles, aligning with an existing OEM or engine partner could be a viable route. F1 shows interest in automakers wanting to join, with Hyundai’s global reach and potential South Korea GP making it an attractive prospect for the sport. If successful, Hyundai could become a significant addition to the F1 grid, enhancing the competition and global presence of the sport.
