Business

Audi supervisory board to discuss McLaren partnership on Wednesday - sources

1 minute read
1/2

The new Audi S5 Coupe car is presented during the world premiere at the company's headquarters in Ingolstadt, Germany June 2, 2016. REUTERS/Lukas Barth

Register now for FREE unlimited access to reuters.com

HAMBURG, Nov 16 (Reuters) - Audi's supervisory board will discuss on Wednesday ways for the company to enter Formula One, including via possible partnership with McLaren Automotive, two sources told Reuters on Tuesday, adding no decision has yet been made.

The board of Volkswagen (VOWG_p.DE), which owns Audi, discussed the matter of getting a foot into the Formula One market at a meeting last week, said two sources who declined to be named.

Audi CEO Markus Duesmann and Porsche CEO Oliver Blume were known as "ardent fans of Formula One", one source said.

Register now for FREE unlimited access to reuters.com

McLaren Automotive on Monday denied a report that Audi had bought the British luxury sportscar maker, but left the door open to technological collaboration "with relevant partners and suppliers."

A spokesperson for Audi told Reuters it was "looking at various cooperation ideas" but did not confirm whether it was discussing a possible sale with McLaren.

Acquiring the carmaker would put a second supercar in Audi's books alongside Lamborghini, which it has owned since 1998.

German publication Automobilwoche reported on Sunday that Audi was particularly interested in the Formula 1 division.

Register now for FREE unlimited access to reuters.com
Reporting by Jan Schwartz, Christina Amann, Writing by Victoria Waldersee, Editing by Miranda Murray

Our Standards: The Thomson Reuters Trust Principles.

More from Reuters