Berlin: German carmaker Audi is close to finalising a deal for a Formula One racing team with Red Bull as its main sponsor from 2018, Germany`s Auto Bild said on Monday.
A spokesman for Audi said he could not confirm the report in the magazine, which said it was only a matter of signing the deal that had already been approved by the company`s bosses.
As recently as May the car manufacturer had said a Formula One entry was not an issue for them.
Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
