Audi Confirms Plan to Take Over Sauber F1 Team
German automaker hoping global motorsport's premier racing series will boost both its technology development and marketing image.
Stay updated with breaking news from Technical Development. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
German automaker hoping global motorsport's premier racing series will boost both its technology development and marketing image.
Audi takes a major step towards joining F1. Audi has generated buzz across the motorsport world by announcing its intentions to join forces with Sauber
Audi Formula One: Product and technology as well as the stronger positioning of the Audi brand on the global stage are in focus. Against this backdrop, the Members of the Supervisory Boards of AUDI AG and Volkswagen AG have now decided to strengthen the commitment to Formula 1 and accelerate the preparations for the start of the 2026 season, the company said.
Skoda Auto is set to launch a compact sports utility vehicle (SUV) in India, aiming to tap into the growing demand for "accessible premium" vehicles. The new compact SUV, to be unveiled in a year, is expected to be a significant volume generator for Skoda in India. Skoda Auto India aims to increase its market share to 5% by 2030. The new model will be part of Skoda's strategy to offer tailor-made products for Indian customers.
Skoda Auto: The upcoming SUV, built on the MQB-A0-IN platform, is designed to leverage excise benefits for the sub-4-meter size, with the cost savings to be passed on to customers. It is aimed at helping the company hit its target of achieving 100,000 annual car sales in India by 2026. The company aims to tap into the largest segment in India offering global standards at competitive prices by incorporating localized parts and components.