Audi's F1 project off the ground after purchasing minority stake in Sauber
Sauber has announced the sale of a minority stake in the team to German luxury car brand Audi ahead of its potential full entry into Formula 1 in 2026.
Players.bio is a large online platform sharing the best live coverage of your favourite sports: Football, Golf, Rugby, Cricket, F1, Boxing, NFL, NBA, plus the latest sports news, transfers & scores. Exclusive interviews, fresh photos and videos, breaking news. Stay tuned to know everything you wish about your favorite stars 24/7. Check our daily updates and make sure you don't miss anything about celebrities' lives.

Sauber has announced the sale of a minority stake in the team to German luxury car brand Audi ahead of its potential full entry into Formula 1 in 2026.
LONDON :McLaren boss Zak Brown has dismissed as 'ludicrous' a suggestion he was against signing Oscar Piastri, now the Formula One championship leader, as a rookie three years ago.
:Red Bull's long-serving sporting director Jonathan Wheatley will leave the Formula One champions at the end of the year to take up a new job as principal of rivals Audi, Red Bull said on Thursday.
Audi have announced former Ferrari Team Principal Mattia Binotto as the new boss of their Formula 1 project on Tuesday. Earlier this year German car maker Audi took full ownership of the Sauber team, which will be run under the Audi banner from 2026, with an all-new power unit currently being developed in-house in Germany. Binotto, 54, will take charge of the operation on August 1 as Chief Operating and Chief Technical Officer, based at the Sauber factory in Hinwil, Switzerland. He will report directly to the board of directors.
Former Ferrari team principal Mattia Binotto will lead Audi's Formula One entry with current bosses Oliver Hoffmann and Andreas Seidl departing, the German manufacturer said on Tuesday.
German Nico Hulkenberg will leave Haas to join Sauber at the end of the ongoing Formula One season, the two teams announced on Friday.
LONDON : German driver Nico Hulkenberg will race for Sauber next season and then the Audi works Formula One team from 2026 after signing a multi-year contract, they announced on Friday.
Audi plans to take 100 per cent 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.
Sauber-run Alfa Romeo, which will race as the Audi Formula One team from 2026, announced the return of James Key as technical director on Wednesday.