McLaren denies Audi buyout as VW’s F1 preparations ramp up

McLaren has strongly denied claims that it has been purchased by Audi as part of a deal to secure the German manufacturer an Formula 1 entry.

McLaren denies Audi buyout as VW’s F1 preparations ramp up

A report on the Autocar website on Monday said that Audi has agreed to a takeover that would give it complete control over McLaren's road car and racing operations.

But in a statement issued on Monday, McLaren made it clear that the report was not true.

The statement said: "McLaren Group is aware of a news media report stating it has been sold to Audi. This is wholly inaccurate and McLaren is seeking to have the story removed.

"McLaren's technology strategy has always involved ongoing discussions and collaboration with relevant partners and suppliers, including other carmakers, however, there has been no change in the ownership structure of the McLaren Group."

While talk of an Audi takeover has been dismissed, it is understood that an Audi entry into F1 with McLaren still remains a possibility from 2026 if the German manufacturer enters grand prix racing.

Sources have indicated that following a board meeting last week, parent company Volkswagen is now pushing on seriously with plans to enter F1, and is now finalising how best to approach it with its many brands.

While there have been suggestions it could commit with both Audi and Porsche, it is understood that a decision has been made to use only one of them.

The two options that are being weighed up are for an Audi entry with McLaren, or for a Porsche tie-up with Red Bull.

Lando Norris, McLaren MCL35M, Sergio Perez, Red Bull Racing RB16B

Lando Norris, McLaren MCL35M, Sergio Perez, Red Bull Racing RB16B

Photo by: Mark Sutton / Motorsport Images

Porsche is not an option for McLaren because the two brands compete with each other in the same segment of the sportscar market.

Audi CEO Markus Duesmann, who has worked in F1 previously with Mercedes and BMW, is desperate for his brand to get the green light for F1.

It is understood that tentative talks have taken place with McLaren about the possibility of a tie-up, but these discussions remain at a relatively early stage.

Read Also:

While the McLaren and Red Bull options both have their pros and cons, the final decision will come down to which of the two offers VW the best opportunity of making a success of its F1 move.

It wants to be in a position to win races as soon as possible, which is why its focus is on the two main teams at the moment rather than midfielders like Williams and Sauber.

shares
comments

Related video

Verstappen: Worn tyres triggered Turn 4 wash out with Hamilton
Previous article

Verstappen: Worn tyres triggered Turn 4 wash out with Hamilton

Next article

How to become an F1 photographer with Mark Sutton – experience, skills & more

How to become an F1 photographer with Mark Sutton – experience, skills & more
The crucial tech changes F1 teams must adapt to in 2023 Plus

The crucial tech changes F1 teams must adapt to in 2023

Changes to the regulations for season two of Formula 1's ground-effects era aim to smooth out last year’s troubles and shut down loopholes. But what areas have been targeted, and what impact will this have?

Are these the 50 quickest drivers in F1 history? Plus

Are these the 50 quickest drivers in F1 history?

Who are the quickest drivers in Formula 1 history? LUKE SMITH asked a jury of experienced and international panel of experts and F1 insiders. Some of them have worked closely with F1’s fastest-ever drivers – so who better to vote on our all-time top 50? We’re talking all-out speed here rather than size of trophy cabinet, so the results may surprise you…

Formula 1
Jan 25, 2023
One easy way the FIA could instantly improve F1 Plus

One easy way the FIA could instantly improve F1

OPINION: During what is traditionally a very quiet time of year in the Formula 1 news cycle, FIA president Mohammed Ben Sulayem has been generating headlines. He’s been commenting on massive topics in a championship that loves them, but also addressing necessary smaller changes too. Here we suggest a further refinement that would be a big boon to fans

Formula 1
Jan 24, 2023
How can McLaren keep hold of Norris? Plus

How can McLaren keep hold of Norris?

Lando Norris is no longer the young cheeky-chappy at McLaren; he’s now the established ace. And F1's big guns will come calling if the team can’t give him a competitive car. Here's what the team needs to do to retain its prize asset

Formula 1
Jan 24, 2023
What difference did F1's fastest pitstops of 2022 make? Plus

What difference did F1's fastest pitstops of 2022 make?

While a quick pitstop can make all the difference to the outcome of a Formula 1 race, most team managers say consistency is more important than pure speed. MATT KEW analyses the fastest pitstops from last season to see which ones – if any – made a genuine impact

Formula 1
Jan 23, 2023
When F1 ‘holiday’ races kept drivers busy through the winter Plus

When F1 ‘holiday’ races kept drivers busy through the winter

Modern Formula 1 fans have grown accustomed to a lull in racing during winter in the northern hemisphere. But, as MAURICE HAMILTON explains, there was a time when teams headed south of the equator rather than bunkering down in the factory. And why not? There was fun to be had, money to be made and reputations to forge…

Formula 1
Jan 20, 2023
What Porsche social media frenzy says about F1’s manufacturer allure Plus

What Porsche social media frenzy says about F1’s manufacturer allure

Porsche whipped up a frenzy thanks to a cryptic social media post last week and, although it turned out to be a false alarm, it also highlighted why manufacturers remain such an important element in terms of the attraction that they bring to F1. It is little wonder that several other manufacturers are bidding for a slice of the action

Formula 1
Jan 19, 2023
Why the new Williams boss shouldn’t avoid ‘Mercedes B-team’ comparisons Plus

Why the new Williams boss shouldn’t avoid ‘Mercedes B-team’ comparisons

OPINION: Williams has moved to replace the departed Jost Capito by appointing former Mercedes chief strategist James Vowles as its new team principal. But while he has sought to play down the idea of moulding his new squad into a vision of his old one, some overlap is only to be expected and perhaps shouldn't be shied away from

Formula 1
Jan 17, 2023