Formula 1 is not an issue for VW

V There is currently 'no talk at all' of a Formula 1 strategy that is ready to go. One continues to watch the racing scene very closely, said a spokesman.

VW rejects Formula 1 entry

VW supervisory board chairman Ferdinand Piëch rejected a report by the 'Frankfurter Allgemeine' Newspaper 'meanwhile a participation in the highest racing series. In the past few weeks, there have been repeated suspicions that Volkswagen will reorganize its racing activities as part of the integration of Porsche. The sports car manufacturer did not want to comment on whether the denial from Wolfsburg could be related to the still unclear schedule for the full Porsche takeover.

According to the newspaper report, the VW Group was in talks about getting started on its own or equipping existing racing teams with a Volkswagen engine. Among other things, the Red Bull and McLaren teams have shown interest in working together. At the beginning of October, Porsche confirmed 'considerations for the 'first division' - either Le Mans or Formula 1'. So far, however, these have not got beyond the stage of mere simulation games.

Porsche was last involved in Formula 1 in 1991 as an engine manufacturer for Footwork. From 1957 to 1962, the Stuttgart-based company also had its own racing team in Formula 1. He won the French Grand Prix in 1962.