The CEO of the Volkswagen Group, Herbert Dees, announced that Audi and Porsche will enter Formula 1 from 2026, so it is expected to bring more money in the popular sport.

Audi is willing to pay McLaren $ 500 million to enter the F1 world, while Porsche plans a long-term partnership with Red Bull.

The management of Volkswagen announced that F1 is a great place for advertising, so Porsche will reduce the activity in other sports and will focus on the “fastest circus” in the world.