Sunday, March 13, 2011

Volkswagen not interested in joining NASCAR or F1

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Volkswagen quashed speculation on Thursday that it could expand its motorsport activities to include NASCAR and Formula One.

"Nothing for us. There is certainly the one or the other person out there in the world that would wish for that, but we don't have that on the program," said Ulrich Hackenberg, head of technical development at the Volkswagen brand, when asked about NASCAR.

"I should know what I am talking about, since it would come out of my budget."

He also ruled out any interest in joining Formula One.

There has been speculation for months over whether VW would enter NASCAR with a factory team to bolster its appeal in the U.S. market, where it lags Japanese and Korean carmakers by a large margin.

As a brand, Volkswagen is most present in motorsport through its participation in the annual Dakar rally now held in South America, where VW's factory driver Nasser Al-Attiyah of Qatar won this year with his Racing Touareg.

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