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Porsche delays return to motor racing
Frankfurt, July 24: Porsche, the German maker of luxury sports cars, has decided to delay its planned return to motor racing for financial reasons, chairman Wendelin Wiedeking said in an interview published in today`s edition of Financial Times Deutschland.
Frankfurt, July 24: Porsche, the German maker of luxury sports cars, has decided to delay its planned return to motor racing for financial reasons, chairman Wendelin Wiedeking said in an interview published in today's edition of Financial Times Deutschland.
"We've set back this step for cost reasons," Wiedeking told the newspaper on the sidelines of a model presentation in Italy.
The group's development division had already drawn up concrete plans for a prototype that could have started racing next year. "We would have entered an attractive racing series and other makers would have followed us," Wiedeking said.
He nevertheless ruled out participating in the prestigious formula one series.
When Porsche pulled out of the Le Mans series in 1998, the chairman had said the group intended to return to motor racing after three or four years. That deadline was now being put back, Wiedeking said.
Bureau Report
The group's development division had already drawn up concrete plans for a prototype that could have started racing next year. "We would have entered an attractive racing series and other makers would have followed us," Wiedeking said.
He nevertheless ruled out participating in the prestigious formula one series.
When Porsche pulled out of the Le Mans series in 1998, the chairman had said the group intended to return to motor racing after three or four years. That deadline was now being put back, Wiedeking said.
Bureau Report