Announced
Synopsis
Audi, a German automotive manufacturer of luxury vehicles, agreed to acquire the remaining 75% stake in Sauber Motorsport, a Swiss motorsport engineering company. Financial terms were not disclosed. "The entry into Formula 1 is not only the pinnacle of Audi’s very successful history in motorsport, but also as big a sporting challenge as it is a financial commitment. Through the bundling of Oliver Hoffmann’s responsibilities and the complete takeover of the Sauber Group, we are accelerating our preparations for the 2026 season," Manfred Döss, AUDI Chairman of the Supervisory Board.
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