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VW's Porsche, Audi agree to join Formula One

Volkswagen's premium brands Audi and Porsche will join Formula One after they convinced the German automaking group that the move will bring in more money than it will cost, VW chief executive Herbert Diess said on Monday. Discussions by the board of directors about the two brands' plans had created some divisions, Diess said at an event in Wolfsburg, where the German carmaker is headquartered. Editor's Picks Everything you need to know about F1's Miami Grand Prix 1dNate Saunders W Series sees Miami as a springboard to growth 9dReuters 1 Related But ultimately the brands, which next to VW's China business are the group's most important income suppliers, made the case that they would pull...
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