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McLaren has emphatically rejected a report stating the company has been sold to Audi amid speculation the British Formula 1 team could be a target for the Volkswagen Group brand.
F1 is trying to convince the VW Group to commit to building a new power unit for new regulations set to be introduced in 2026, and join the grid with its Porsche and Audi brands.
The new engine rules that are being discussed have been specifically framed with the VW Group in mind, with the deletion of the MGU-H, an increase in electrical energy and the adoption of 100% sustainable fuels.
The VW Group’s potential entry into F1 was initially assumed to be on the basis of it working together with the new Red Bull Powertrains operation, to share technological expertise and split the cost.
However, the VW Group is thought to be keeping its options open, which is why as reported by The Race last weekend sources have indicated Audi and Porsche have explored alternative possibilities.
British specialist automotive publication Autocar subsequently reported on Monday that Audi has agreed to buy the McLaren Group, which includes the Racing division that operates the F1 team.
A statement issued in response read: “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.”
Autocar has since revised its story, which is now headlined as “McLaren Group denies being bought by Audi”.
McLaren has been gradually restructuring its business to address financial issues and recently sold its Applied division.
Though McLaren has denied an outright sale of the Group has been agreed, previous speculation that Audi is interested in buying into McLaren in some way is understood to be accurate – although this is likely to be more focused on the Racing arm.
The Race understands that Porsche is also exploring options beyond a Red Bull tie-up, which could include interest in a Williams investment.
Audi and Porsche could pursue significant equity in its partnership teams, in a similar way as Mercedes (Daimler-Benz owns 33% of the Brackley team).
A fully in-house VW engine project could then be badged as Porsche and/or Audi in partnership with their affiliated teams.
This may appeal as it would give the VW Group more autonomy than a shared project with Red Bull, the engine would have a clearer VW brand identity, and it would maximise the existing knowledge at Porsche and Audi plus their supply chains in Germany.
However, The Race’s sources indicated a decision would not be made until a VW board meeting in the coming weeks.
F1’s new power unit regulations need to be signed off by the FIA World Motor Sport Council in mid-December.
