Audi And McLaren To Discuss Partnership

According to reports, Audi’s supervisory board will Wednesday discuss ways for the company to enter Formula One via a possible partnership with McLaren Automotive.

The source said that no decision has yet been made.

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Both Audi and Porsche are owned by Volkswagen Group, whose board discussed the matter of taking part in F1 racing at a meeting last week, sources said.

Audi CEO Markus Duesmann and Oliver Blume, head of Porsche, are “ardent fans of Formula One,” a source said.

VW is considering having two branded F1 teams run by Audi and Porsche, the FInancial Times reported on Monday.

McLaren on Monday denied a report that it has been bought by Audi. The company said it is open to technology collaboration “with relevant partners and suppliers.”

Automobilwoche reported over the weekend that Audi and its rival BMW are competing to purchase the financially troubled UK supercar maker.

Audi said it was “looking at various cooperation ideas” but did not confirm whether it was discussing a possible sale with McLaren.

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