According to a report in the German newspaper Frankfurter Allgemeine Zeitung, Volkswagen Chairman Ferdinand Piech has decided against entering VW into Formula One. Such a move was previously intimated by a number of sources, including brand ambassador Hans Stuck.
Volkswagen enjoyed open wheeler success last year by powering young Australian driver Daniel Ricciardo in his Red Bull sponsored Carlin Motorsport machine to the 2009 F3 title. It was understood new engine rules for F1, to be introduced in 2012, would provide an ideal opportunity for VW to move into motorsport’s premier category as an engine supplier. Reportedly there was interest from Red Bull Racing and even McLaren to partner with VW.
However, it now appears the Volkswagen Group may focus its motorsport endeavours on the WRC and Le Mans 24 hour race through its Audi and Porsche brands.
[Source: FAZ.net]