Audi may unveil a new concept at the North American International Auto Show in Detroit.

While details are limited, Audi stated their press conference will feature a “showcar (that) underscores Vorsprung durch Technik (advancement through technology).”

We’re not exactly sure what to expect, but Audi’s production timetable seems to suggest the company will unveil a concept version of the next-generation A3 or A6. Other possibilities include the long-rumored R4 roadster and the entry-level Q3 crossover. Audi will also show the new A8 which was unveiled earlier this month in Miami.

We’ve learned via an official from Audi of Singapore that its parent group Volkswagen might be entering Formula 1 in the coming seasons if the costs continue to come down. Reinhold Carl, the managing director of Audi Singapore, is quoted by the Straits Times newspaper that while budgets are dropping, teams are still facing over a hundred million euros to keep their Formula 1 programs running.

“If the cost is lower, it will be more manageable”, he told reporters.

It may be a bit late since many great marques have recently dropped out of the race, BMW, Jaguar, Honda have already pulled out, and there are rumors that Toyota and Renalut might follow soon.

One interesting bit of info from his interview is that should VW decide to enter the grand prix competition, it will most likely be under the brands Porsche or Audi, or maybe even Volkswagen! Skoda Formula 1 team anyone?