May 18 Germany's Audi has no plans to enter Formula One, the company said on Monday, seeking to end speculation that the sportscar maker was tempted to broaden its commitment to motor racing.
"This is not a topic for us," a spokesman for the premium brand, which is owned by Volkswagen, said.
German daily Handelsblatt on Monday reported that Audi Chief Executive Rupert Stadler had ruled out an entry into Formula One after speculation of a partnership with former champions Red Bull.
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