The German car manufacturer Audi announced on Friday that the supervisory boards of Volkswagen AG and Audi AG, Manfred Döss
as board chairman, vote for complete takeover of Sauber Group Formula 1 operation.
A corresponding agreement has been reached with the current majority shareholder Islero Investments AG, with Finn Rausing (TetraPak) as one majorshareholder, which fully supports the change. Note that Frederic Vasseur is a former shareholder too.
👉 This means Audi plans to take a 100 percent stake in the Sauber Group, and accelerated the preparations for successful entry into Formula 1 and significantly expands its commitment.
👉 Oliver Hoffmann takes over responsibility, a new position, for Audi’s Formula 1 commitment and becomes Chairman of the Boards of Directors of Sauber Group.
👉 Andreas Seidl will become CEO of the Audi F1 Team, and thus the face of Audi’s racing team
👉 Audi CEO Gernot Döllner to lead Technical Development division of AUDI AG
For Sauber this is good news, because Audi is committed and ready to bring the team to a new level ahead of the 2026 Audi factory team program.
I would expect Audi to make some changes in the Sauber partnership network, especially regarding partners not corresponding with the Audi strategy and brand.
PHOTO: Audi
Financial Investment Advisor/Independent/Ex-Societe Generale banker 16 years/Management specialist under long-term securities mandate/Quality & Value/Mentors: Warren Buffett/Charlie Munger and Bernard Arnault
4moDécevant et incompréhensible surtout avec de tels résultats pas d'AG physique mais seulement en virtuel pour Porsche SE. Why?