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Qatar Investment Authority Acquires Minority Stake in Audi’s F1 Team Initiative

2 hours ago

Qatar Investment Authority Acquires Minority Stake in Audi’s F1 Team Initiative
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7 Highlights

  • QIA acquires minority stake in future Audi F1 team, Sauber Motorsport.
  • Audi plans to join Formula 1 as a factory team by 2026 with QIA's investment.
    • QIA aims to enter the high-potential Formula 1 market through this investment.
    • Mattia Binotto joins Sauber as COO and CTO, signaling leadership changes.
    • Jonathan Wheatley set to become Team Principal in 2025.
    • Nico Hulkenberg and Gabriel Bortoleto to join Sauber next season.
    • Regulatory approvals are pending to finalize QIA's transaction.
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