Motor racing-Audi to take 100% ownership of Sauber F1 team
10:30 am Friday, March 08th, 2024
(Reuters) – Audi plans to take 100% control of the Sauber Formula One team ahead of its transformation into the German carmaker’s factory team from 2026, the Volkswagen-owned brand said on Friday.
Oliver Hoffmann will step down from Audi’s management board to take overall responsibility for the Formula One programme while Andreas Seidl will run the Swiss-based team.
(Reporting by Alan Baldwin in London, editing by Andrew Cawthorne)
