Anyone read this?

Porsche to consider F1 foray
ESPNF1 Staff
October 1, 2010

Related LinksTeams: Porsche Porsche could be preparing a move into Formula One, according to rumours circulating at the Paris Motor Show.


Earlier this year, it was reported the company's German parent Volkswagen might enter the sport when the engine regulations change in 2013. At the time, it was suggested that either Audi or Porsche branding was likely.


Porsche's new chief executive Matthias Mueller was asked in Pari whether it made sense for both Porsche and Audi to compete at Le Mans.


"We do not like to both go into LMP1 (Le Mans Prototype) that is not so funny," he said. "So therefore we have to discuss whether it makes better sense for one of the brands to go into LMP1, and the other brand into Formula One. So we will have a round-table to discuss the pros and cons."


In June this year, Audi's motorsport boss Wolfgang Ullrich said F1 and Audi "do not fit".


Porsche last competed in F1 as an engine supplier to Footwork in 1991.


Mueller also said in Paris that Volkswagen is considering a foray in NASCAR, with talks with the popular American series to reportedly begin after the current season.


Porsche's revenues have risen 18% to a record high, totalling €7.8 billion in the latest financial year. "Porsche will continue the positive trend in the current business year," confirmed outgoing chief executive Michael Macht.

© ESPN EMEA Ltd.
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Yup ~ saw this on Autosport. Hope it's true!