Audi reportedly plans full takeover of Sauber F1 team

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Audi reportedly plans full takeover of Sauber F1 team
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Audi is gearing up to enter F1 in 2026, possibly with a fully owned team.

reported on Wednesday that Audi originally planned to slowly increase its stake in Sauber to a maximum 70% but under the guidance of newSauber's main shareholder at present is Longbow Finance, a Swiss investment firm that purchased the team in 2016 from founder Peter Sauber and fellow key shareholder Monisha Kaltenborn.

Audi has established the new company Audi Formula Racing based in Germany to oversee the F1 program. Audi Formula Racing has also been charged with developing the

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