News Details
Qatar secures stake in Audi F1 team
The Qatar Investment Authority (QIA) has acquired a “significant minority stake” in Sauber Holding AG, the future Audi Formula 1 team. QIA is already a stakeholder in the Volkswagen Group – Audi’s parent company – and will provide a substantial capital injection that Audi said will allow the team to increase infrastructure and recruitment. The deal will be complete by the end of the second quarter in 2025, once Audi has completed its 100% takeover of Sauber in January. QIA will take a seat on the board. “The investment by QIA reflects the trust and confidence the Audi F1 Project has already garnered, underscoring unwavering commitment of Audi to the initiative,” Audi CEO...
Full Story »
Full Story »
You May Also Be Interested In...
Audi sell minority stake in F1 team to Qatar...
Audi has sold a significant minority stake in Sauber Holding AG to the...
2h ago from GPBlog.com
Formula 1 poised for General Motors-backed eleventh...
With a restructuring at Andretti Global that pushed Michael Andretti into...
1w ago from GrandPrix247.com
Mario Andretti reveals: 'Cadillac would like to enter...
Cadillac Formula 1 Team will become the 11th team to enter the Formula...
3d ago from GPBlog.com
Marko welcomes Cadillac into F1, but critical about...
The Cadillac Formula 1 Team will join the grid from the 2026 season. It...
2d ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Aprilia, KTM still unable to exploit new MotoGP rear...
No description available...
6h ago from Motorsport.com
How Aleix Espargaro wants his MotoGP career to be...
Aleix Espargaro says he wants to be remembered as someone “who never...
1d ago from MotorsportWeek.c...
Ai Ogura reflects on ‘nervous' debut MotoGP test...
Ai Ogura admitted to feeling 'nervous' throughout the MotoGP test in...
2d ago from MotorsportWeek.c...
KTM to enter self-administration and company...
KTM has announced that it will enter a 90-day self-administration period...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Robb signing a push for “Stability” for Juncos...
No description available...
4d ago from Motorsport.com
Michael Strahan confirmed as honorary pace car driver...
No description available...
5d ago from Motorsport.com
MSR believes Logan Sargeant deserves a chance in...
Earlier in the week, Logan Sargeant joined a few other drivers in...
6d ago from MotorsportWeek.c...
NFL Hall of Famer announced as Indy 500 pace car driver
Michael Strahan, an American football Hall of Fame athlete and television...
4d ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC road order rules set to remain unchanged in 2025
No description available...
5h ago from Motorsport.com
How to assemble the giant Meccano kit to build a rally...
No description available...
1d ago from Motorsport.com
WRC 2027 rules to offer powertrain flexibility and...
No description available...
1d ago from Motorsport.com
World champion Neuville joins WRC stars for Monza...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Cristiano Ronaldo, Thierry Henry and more: Manchester...
No description available...
40m ago from SportsKeeda.com
Premier League GW13 predictions: Liverpool to decide...
Sports Mole takes on guitarist and Aston Villa fan Harry Southerton from...
2h ago from SportsMole.co.uk
Arteta provides vague Gabriel injury update ahead of...
Mikel Arteta provides an update on Gabriel Magalhaes' fitness ahead of...
1h ago from SportsMole.co.uk
Arsenal title hopes: Are Manchester City or Liverpool...
Arsenal expert Charles Watts assesses whether faltering Manchester City or...
20m ago from SportsMole.co.uk
Comments
Hottest News
Ferrari's Charles Leclerc tops F1 Qatar GP practice session
Ferrari's Charles Leclerc topped the timesheet... Read More »
2h ago from MotorsportWeek.com
Schumacher RETURN confirmed after shock F1 exit
Mick Schumacher has made a quick return to the... Read More »
8h ago from GPFans.com
LIVE: 2024 F1 Qatar Grand Prix - Sprint Qualifying
Follow the action live as the grid is set for the... Read More »
59m ago from RacingNews365.com
