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Formula 1

F1 CEO: More manufacturers interested in entering F1

New Formula 1 chief executive Stefano Domenicali has said the sport remains an attractive prospect for manufacturers and that there are active discussions with current car makers about a grid entry in the near future.

Stefano Domenicali 2
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To news overview © Stefano Guindani

While the 2020 season brought a raft of financial challenges to the sport, the new budget cap coming into force at the start of 2021 and the commitment of current competitors to the new Concord Agreement herald a more stable financial future for F1.

Speaking in an interview with Sky Sports F1, Domenicali said that he was proud that manufacturer interest in the sport continues to grow and that there are ongoing discussions with one company.

"What I can say is that we are in discussions with another manufacturer and that for the moment they prefer to stay still quiet,” the executive said.

“But the good news is there are other people more than people, or rather companies, very important companies, which are really keen to understand the value that they can bring home using the F1 platform, not only in technology, but also in terms of what the value F1 can bring to the automotive manufacturers."

RacingNews365.com
understands that the main companies interested in an entry are Volkswagen Group (which includes Audi and Porsche), Hyundai Motor Group, and BMW, with the timing most likely to come with the introduction of the new rules which are planned for 2026.

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