Porsche and Audi to enter Formula 1.

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Audi and Porsche owner Volkswagen is set to give the green light for the two brands to make their entry into Formula One.

There has long been talk of Audi and Porsche forming partnerships with existing Formula One teams.

Audi will offer around $800 million for McLaren.

McLaren uses Mercedes engines but that could change when the sport introduces a new power unit in 2026.

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