Volkswagen is likely to grant Audi and Porsche entry into motor racing’s Formula One at a meeting next week.
There has long been talk of Audi and Porsche forming partnerships with existing Formula One teams, their most likely method of entry into the highest class of international racing.
Audi will offer around 500 million euros for McLaren while Porsche intends to establish a long-term partnership with racing team Red Bull starting in several years’ time, Reuters reports.
Volkswagen has not previously been involved in Formula One but has worked with Red Bull, notably in the world rally championship.
