The Sauber Group AG announced on Monday that Audi acquired a minority stake in the Swiss-based company.

In a statement, the company said:

The Sauber Group is pleased to announce that, as per the plans outlined in October last year, Audi acquired a minority stake in the Sauber Group in January 2023. This is an important milestone on the way to Audi’s entry in Formula One, scheduled for 2026, for which the Sauber Group will be the German brand’s strategic partner.

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