Audi AG, the Germany based automobile and motorcycle manufacturer in the premium and luxury segments, is set to acquire a 100% stake in Sauber Motorsport AG, the Switzerland based motorsport engineering company, from the current majority shareholder Islero Investments AG, which fully supports the change, accelerating preparations for the successful entry of Audi into Formula 1. Oliver Hoffmann is set to be the person responsible for the Audi Formula 1 program overall as a General Representative. As CEO of the Audi F1 Team, Andreas Seidl will be responsible for the implementation of the F1 project as well as the management of the Audi F1 Team.
- Target – Sauber Motorsport AG
- Buyer – Audi aktiengesellschaft
- Seller – Islero Investments AG
