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 |  Oct 09 2009, 11:54 AM

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Volkswagen may enter Formula One racing if the International Automobile Federation (FIA) is successful in cutting costs in the world’s premiere auto racing series.

“Today, it costs well over a hundred million Euros to take part in F1,” Reinhold Carl, managing director of Audi Singapore, told Singapore paper The Straits Times. “If the cost is lower, it will be more manageable.

With ten brands under the company’s umbrella including Audi, Lamborghini and Bentley, Volkswagen’s entry could use any of those marques, (who wouldn’t love to see Lamborghini go head-to-head with Ferrari in F1?) but Carl says the newly acquired Porsche brand may be the most likely candidate.

“I think it would be [under the name of] Porsche, now that Porsche belongs to the group, or Audi – or even Volkswagen,” says Carl.

[Source: Crash]