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Porsche, Audi start F1 engine development – VW CEO

May 3 Volkswagen CEO Herbert Diess says not every one of the German carmaker giant's board members is happy about Porsche and Audi entering Formula 1 in 2026. Only the finalisation of the sport's 2026 engine rules now stands between VW's green light and F1 getting two premium new German manufacturers on the grid. But CEO Herbert Diess told Wolfsburger Nachrichten and Wolfsburger Allgemeine Zeitung newspapers: 'The board of management did not quite agree. 'But the premium brands see Formula 1 as an important lever to increase brand value. Engine development has begun,' he revealed. Diess said the board was ultimately won over by Porsche and Audi's business-based arguments. 'With Formula 1,...
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