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Mar 08, 2024 - 15:03
By channelnewsasia.com

Audi to take 100% ownership of Sauber F1 team

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.

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.