Audi admits ’looking at’ F1 project

Audi appears to have taken a step closer to formula one.

Mere days ago, constant rumours that the Volkswagen brand is considering a grand prix foray were given a boost by former Ferrari president Luca di Montezemolo.

"A mutual friend told me that (Red Bull owner Dietrich) Mateschitz is thinking of selling and is trying to convince Audi to come in," said the Italian.

Auto Express, a British weekly, went straight to Audi chairman Rupert Stadler to ask him for a "yes or no" answer about the pressing F1 question.

"I can’t answer that," he said.

Pressed harder, Stadler admitted: "It’s something we’re looking at, but then we’re always looking at it and many other things."