Official press releases from Qatar Airways or Formula 1

Qatar Investment Authority Acquires Stake in Audi F1 Team for 2026 Entry

Nov 29, 2024, 02:32 PM

The Qatar Investment Authority (QIA) has officially announced its investment in the Audi Formula One (F1) team, marking Qatar's first significant foray into elite motorsport. This deal involves the purchase of a large minority stake in the team, which is owned by Volkswagen Group. Audi has reassured that its commitment to F1 remains strong despite financial challenges faced by its parent company, Volkswagen Group. The partnership with QIA is aimed at accelerating preparations for Audi's entry into F1 in 2026, with the investment also aligning with F1's broader sustainability goals through a new programme with Qatar Airways focused on Sustainable Aviation Fuel. This initiative is part of F1's drive towards being Net Zero by 2030.