Volkswagen Group May Enter In Formula1 image

Volkswagen Group will consider entering Formula One in the future if the costs become lower, according to a senior Audi official.

Reinhold Carl, managing director of Audi Singapore, told the Straits Times newspaper that the VW Group would consider an entry if the benefits outweighed the costs involved.

“If the cost is lower, it will be more manageable,” said Carl. He claimed despite the cost cutting measures ongoing in the sport, the cost for entry were “well over a hundred million euro [£92.5m]” per year.

The German car manufacturer revealed at the end of last year that it was evaluating the potential benefits of moving into grand prix racing when new engine regulations are introduced from the start of 2013.

Source: AutoSport