Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

Motor racing – McLaren have talked with VW Group, says Brown

2022 01 19T010641Z 2 LYNXMPEI0I011 RTROPTP 4 MOTOR F1 MCLAREN - Global Banking | Finance

WOKING, England (Reuters) – McLaren have talked with the Volkswagen Group, whose Audi and Porsche brands have been linked to future Formula One entry, but nothing has been agreed, according to team boss Zak Brown.

German newspaper F.A.Z. has reported that Volkswagen’s supervisory board will decide at the end of February whether both Audi and luxury brand Porsche would enter the sport.

Sources told Reuters at the end of last year that a possible partnership between Audi and McLaren was on the table, but undecided.

“I am hearing they (Volkswagen) are going to do something with Red Bull on the Porsche front,” Brown told reporters at the McLaren factory.

“I think they’ve spoken with a handful of people on the grid and as you would imagine we have had conversations but in the short term and medium term we’re very happy where we are.”

McLaren currently use engines provided by Mercedes and Brown said that would not change until a new engine is introduced in 2026.

Red Bull have taken over Honda’s intellectual property following the departure of the Japanese manufacturer at the end of last season and are setting up their own powertrain company.

The agreement with Honda covers the duration of an engine freeze, which will run from this year until the sport introduces the next generation of power units.

Brown said McLaren would wait and see whether the Volkswagen brands did decide to take the plunge.

“I think that’s not been definitively decided and if they do (enter), we have a contract (with Mercedes) through this term,” added the American.

“Naturally we’re going to evaluate where we are and who’s in the sport and take a decision on what we’re going to do in 2026 in due course.”

(Reporting by Alan Baldwin, editing by Toby Davis)

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post