“These days there are no big-buck sponsors around, yet still F1 overspends” Volkswagen Group have again come out strongly against participation in F1. Still vying to be the world’s biggest car-maker, despite the emission scandal that has engulfed them, they have historically kept their enthusiasm for F1 well in check.
Besides, such is the gravity of ‘Dieselgate’, which not only battered VW’s reputation as a purveyor of technically advanced, ethical products filling all market niches, but which also threatens to cost £40bn in trans-Atlantic fines (or roughly three times their annual R&D budget), that any other board decision would have been absolutely untenable.
The decision means that, of the world’s top six motor manufacturers – Toyota, Volkswagen Group, General Motors, Renault-Nissan, Hyundai-Kia and Ford – only one, Renault, are…
