Formula 1 | Audi set to enter F1 by acquiring McLaren Group (updated)
Despite denials from McLaren last week, it seems that Audi is in the process of announcing the takeover of the entire British group and thus open the way to Formula 1.
This morning, the Autocar publication is affirmative: « Audi has bought McLaren as part of a deal that gives the German manufacturer full control over the entire group and guarantees it entry into Formula 1. »
McLaren executive chairman Paul Walsh received an offer from Audi and presented it to the board of directors, which is majority controlled by Mumtalakat Holding Company, Bahrain’s sovereign wealth fund, according to a source. that the board rejected the first offer, insisted that Audi should double it. A deal was then found! «
This news would be the realization of the VW Group’s interest in F1, with an entry also possible for Porsche as an engine partner (of Red Bull and / or Sauber).
For Audi, it is also another brand of supercar under his management since it already directs the destinies of Lamborghini. The group has also formed a joint venture between Bugatti and Rimac for the construction of electric hypercars.
McLaren Group would keep its name and we would therefore have McLaren Audi in F1 by 2025 or 2026, Mercedes F1 remaining the engine manufacturer until then. Which would therefore give rise to an amusing situation of a German manufacturer supplying its competitor!
Contacted by Autocar, an Audi spokesperson had no official comment to add at this point. McLaren also did not comment.
Update at 13:47:
McLaren has reacted officially and sent us this press release, as well as to other media:
« The McLaren Group is aware of a press report indicating that it was sold to Audi. This is completely inaccurate and McLaren is seeking to have this article published by Autocar removed. »
« McLaren’s technology strategy has always involved ongoing discussions and collaboration with relevant partners and suppliers, including other automakers, however, there has been no change in the ownership structure of the McLaren Group. »