-
Recent Posts
- BMW 2024 U.S. Sales Up Slightly
- GM 2024 U.S. Sales 2.7 Million
- Volkswagen ID.4 Stop Sale Lifted After Recall
- Milestones – F1, Can Am and Le Mans Winner Jacky Ickx
- Milestones 2025 – the Goodyear Blimp 100th Anniversary
- Census Bureau – U.S. Population at ~341,145,670
- First Look – EPA AirNow Mobile App
- Significant 2024 Automotive Stories and Trends
- US Electrified Vehicle Sales Soar in 2024
- Private Equity Buys Comau. Stellantis has Minor Stake
- BMW i Ventures Buys into Phoenix Tailings
- Kia Recalls 2024-2025 model year EV9s
- Another Ford F-150 Safety Recall – Steering Loss
- Hyundai Claims EV Altitude Change Record
- Annals of Marketing – Honda Prelude Returns as Hybrid
Recent Comments
- US Auto Sales Forecast Trump Bump or Bumpy 25? | AutoInformed on Trump Presidency Effects on Auto Industry – All Bad?
- Lisa Jacobson on Fossil Fuel Phase Out or Cop Out at COP28?
- Stellantis on Carlos Tavares Out as Stellantis CEO
- NHTSA Fines Ford $165M for Flouting Recall Law | AutoInformed on Ford Recalls Defective Rear-view Cameras on 620,246 Vehicles
- Alfa Romeo Returns to Formula 1 in 2018 via Sauber on Alfa Romeo Returns to Formula 1 in 2018 via Sauber
Archives
Meta
Get intelligent commentary on the automobile business and its economic and social effects. Stay informed with AutoInformed.
F1 – Qatar Investment Authority Buys Into Sauber
Click for more.
Audi and the Qatar Investment Authority (QIA)* said today that they have signed definitive agreements to acquire a significant minority stake in Sauber Holding AG, the future Formula 1 team of Audi. Audi will officially enter Formula 1 with the change of the technical regulations in 2026. The transaction is of course subject to customary regulatory approvals.
“The investment by QIA reflects the trust and confidence the Audi F1 Project has already garnered, underscoring unwavering commitment of Audi to the initiative. This additional capital will accelerate the team’s growth and is yet another milestone on our long-term strategy. QIA’s involvement further energizes the dedicated efforts at both the Hinwil and Neuburg facilities as they work towards the entry of Audi in 2026,” said Gernot Döllner, CEO of AUDI AG and Chairman of the Board of Directors of Sauber Motorsport AG.
The recent Audi announcements of Gabriel Bortoleto (20) who will race alongside Nico Hülkenberg (37), followed the complete takeover of Sauber in March and the appointment of Mattia Binotto as CTO and COO of the project with Jonathan Wheatley as team principal from the middle of next year are previous milestones of the marketing of the Audi brand.
AutoInformed on
* QIA is the sovereign wealth fund of the State of Qatar. QIA was founded in 2005 to invest and manage the state reserve funds. QIA is among the largest and most active sovereign wealth funds globally. QIA invests across a wide range of asset classes and regions as well as in partnership with institutions around the world “to build a global and diversified investment portfolio with a long-term perspective that can deliver sustainable returns and contribute to the prosperity of the State of Qatar.” It is the subject of controversies, including its dealings with Russia, embezzlement charges of former executives, it’s ownership of Heathrow airport, the PGA tournaments, the football World Cup, among others.