Audi and Porsche are joining Formula 1, says VW Group's CEO

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Audi and Porsche are joining Formula 1, says VW Group's CEO
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The rumors are true.

And, with a bright future forecast for Formula 1 racing, this means VW Group could soon become more synonymous with high-performance speed than ever.The discussions went forward amid the board of directors for the two premium brands, but these had led to internal divisions, said Diess during an event in Wolfsburg, according to the report.

But the two brands — which are the most significant sources of income — ultimately proved fit to rake in extra cash for Wolfsburg, in a Formula 1 environment of ultimate speed and precision."You just run out of arguments," he said, pulling the final rug out from under the opposition's position.

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