VW would consider Formula One move in future

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Andrew Feinberg

White House Correspondent

Volkswagen could consider a move into Formula One in 2018, the German carmaker's head of motorsports was quoted as saying today.

"I could imagine involvement in Formula One in 2018, when the company is at the forefront of the industry," Wolfgang Duerheimer told Germany's Auto Motor und Sport magazine.

"We have enough brands that could do that," he said, without being more specific.

Ulrich Hackenberg, head of technical development at Volkswagen, in March ruled out any interest in the brand joining Formula One.

However Volkswagen's stable of brands also includes multiple Le Mans 24 Hours winners Audi , Bugatti, Lamborghini, Porsche, Seat and Skoda.