Sep.19 (GMM/ Volkswagen on Saturday said it would not comment on speculation it might be the solution to Red Bull’s engine dilemma.

With the energy drink-owned stable now confirming its impending split with Renault, team officials also admitted in Singapore that an alternative engine deal with Ferrari is still not agreed.

Eddie Jordan, a former team owner and boss who has regularly broken major stories thanks to his insider contacts, claimed on the British broadcaster BBC late on Friday that the VW Group is close to buying Red Bull, possibly through its Audi brand.

“Please understand that we will not be joining the speculation,” a Volkswagen spokesman told the German news agency DPA on Saturday.