Audi has increased its offer to buy a stake in the British conglomerate’s Formula 1 team from €450 million to €650 million ($718 million).
see photosFounded in 1963, McLaren is the second oldest and second most successful team after Ferrari
Volkswagen Group has been trying to enter Formula 1 through its brands Audi and Porsche over the past few years, but the group has probably never been close to a potential F1 entry until now. According to a report from Germany automobilwoche, Audi has increased its offer to buy a stake in the British conglomerate’s Formula 1 team from €450 million to €650 million ($718 million). The report also said that Audi may go after the McLaren sports car brand in the second phase.
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Volkswagen is using 2 of its brands, Porsche and Audi, to try and enter the Formula 1 circus with the Red Bull and McLaren teams.
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Automobilwoche also reported that McLaren is in talks with BMW to jointly develop an architecture for electric sports cars and has signed a memorandum of understanding with the Munich-based automaker, but the agreement is not binding and if Audi If the deal goes ahead with it, it may be cancelled.
Founded in 1963 by New Zealander Bruce McLaren, McLaren Racing is the second oldest and second most successful team after Ferrari. The British team is based in Woking, and has won 183 Grand Prix, 12 Drivers’ Championship and 8 Constructors’ Championship in Formula 1. The team has many great players from the racing world race for them, including champions like Ayrton Senna, Mika. Hkkinen, James Hunt, Alain Prost, Niki Lauda and even Lewis Hamilton to name a few.
Ayrton Senna drives a McLaren MP4/5 at the 1989 Monaco GP.
Read also: Audi closer to joining F1 with Red Bull, McLaren may partner with Porsche
Volkswagen Group’s Porsche is also eyeing a deal with the Red Bull F1 team to enter Formula 1. (rbp). While the two brands have never partnered in F1, they have been in partnership in WRX.
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Source: automobilwoche
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