Audi Ends Speculation, Rules Out Entry Into Formula One Racing

Audi has no plans to enter F1, the company said on Monday, seeking to "end speculation that the sportscar maker was tempted to broaden its commitment to motor racing," according to Edward Taylor of REUTERS. An Audi spokesperson said, "This is not a topic for us." Audi CEO Rupert Stadler had "ruled out" an entry into F1 after speculation of a partnership with former champions Red Bull arose. Stradler was quoted saying, "Formula 1 needs to solve its problems on its own." The sport, in which Ferrari and Mercedes race, is "seeking to make cars faster and louder again to maintain its allure." Last week Stadler was quoted as saying that F1 "remained an option for Audi." In response to a question about the sport, he said that "in life you must keep things open" (REUTERS, 5/18).