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?

More: worldcarfans