Will they or won't they? Audi and Porsche's F1 bids: what we know so far
Audi keen on Formula 1 team too
‘We will hopefully be able to communicate our intention to enter into Formula One then,' one of the sources told Reuters, with a further source telling the outlet there was a 'good chance' of a positive decision.The plan is now for Audi to team up with the McLaren motorsport division and also take over Woking’s automotive arm. It'll be a one all-in parcel, racing and automotive, lock, stock and barrel.
Fed by sustainable fuels and devoid of the capricious MGU-H energy regeneration system, the combustion engine will in the future be supported by 475bhp of e-power - about triple the current output. According to those in the know, Audi is bidding for McLaren Cars and for the F1 unit, said to be worth around £1 billion. Jörg Astalosch, 49, is the designated chief liaison officer in the Audi-McLaren talks.
McLaren had to make some 830 redundancies. And the group has been involved in a critical refinancing, selling the Woking HQ and leasing it back, and issuing £550m of new shares to provide liquidity and pay off a £150m loan. BMW has had ties with McLaren since providing the iconic F1 supercar’s V12 in the ‘90s. A few years back, the two companies had talks about McLaren collaborating on a mid-engined supercar for Munich, but the project never got off the ground.
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