Audi has no plans to enter Formula One, the company said, seeking to end speculation that the carmaker was tempted to broaden its commitment to motor racing."This is not a topic for us," a spokesman for the premium brand, which is owned by Volkswagen Group, said on Monday.
German daily Handelsblatt reported that Audi CEO Rupert Stadler had ruled out an entry into Formula One after speculation of a partnership with former champions Red Bull.
"Formula One needs to solve its problems on its own," Handelsblatt quoted Stadler as saying in its Monday edition.
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