F1 News, Reports and Race Results

Audi set to complete Sauber takeover – may up stake to 100%

Despite recent board-level changes and whispers of hesitation, Audi is reportedly on the verge of completing its takeover of Sauber, therefore solidifying its commitment to Formula 1.

Audi officially announced its plans to enter F1 in the summer of 2022, choosing Sauber as the cornerstone of its project and works team.

The Ingolstadt firm’s takeover schedule of the Swiss outfit saw it immediately acquire a 25% stake in early 2023, with its interest rising to 75% over the following 12 months.

This majority holding – which could increase to 100% according to Bloomberg – has now been achieved according to German website Motorsport-Total, which adds that Audi board member Oliver Hoffmann has been appointed as a Sauber director above current CEO and ex-McLaren F1 team principal Andreas Seidl.

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Hoffmann played a critical role in spearheading Audi's F1 project, so his appointment clearly signals a continued commitment from the German automotive giant.

However, recent rumors suggested potential roadblocks for Audi's F1 ambitions, specifically surrounding Hoffmann's position.

Audi F1 boss Oliver Hoffmann.

Earlier concerns regarding declining car sales figures linked to Hoffmann may have hinted at a potential exit.

Additionally, the departure from Audi’s helm of former CEO Markus Duesmann in 2023 fueled speculation about the manufacturer’s F1 commitment.

Despite these uncertainties, both Audi and Sauber have consistently reaffirmed their joint commitment to the project.

On Wednesday in Jeddah, ahead of this weekend’s Saudi Arabian Grand Prix, Seidl reportedly addressed the team, confirming that the acquisition process was nearing its final stages.

Audi will make its grand entry in Formula 1 in 2026, the first year of the sport’s upcoming new technical regulations that will include its next-generation hybrid power unit.

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Phillip van Osten

Motor racing was a backdrop from the outset in Phillip van Osten's life. Born in Southern California, Phillip grew up with the sights and sounds of fast cars thanks to his father, Dick van Osten, an editor and writer for Auto Speed and Sport and Motor Trend. Phillip's passion for racing grew even more when his family moved to Europe and he became acquainted with the extraordinary world of Grand Prix racing. He was an early contributor to the monthly French F1i Magazine, often providing a historic or business perspective on Formula 1's affairs. In 2012, he co-authored along with fellow journalist Pierre Van Vliet the English-language adaptation of a limited edition book devoted to the great Belgian driver Jacky Ickx. He also authored "The American Legacy in Formula 1", a book which recounts the trials and tribulations of American drivers in Grand Prix racing. Phillip is also a commentator for Belgian broadcaster Be.TV for the US Indycar series.