Audi eyeing F1 team with Red Bull as sponsor – report

German carmaker Audi is close to finalising a deal for a Formula One racing team with Red Bull as its main sponsor from 2018, Germany’s Auto Bild said on Monday.

A spokesman for Audi said he could not confirm the report in the magazine, which said it was only a matter of signing the deal that had already been approved by the company’s bosses.

As recently as May the car manufacturer had said a Formula One entry was not an issue for them.

(Reporting by Maria Sheahan, Writing by Karolos Grohmann; Editing by Amlan Chakraborty)

Reuters

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