Audi and Porsche have been weighing up entering F🌼1 for some time now with the sport ജintroducing new engine regulations for 2026.

Speaking at an event on Monday, VW Group CEO Herbert Diess confirmed it💛s intention to enter F1 with Porsche and Audi.

He said: "You just run out of arguments [against it]," with F1’s success as a sport financially in recent years making it an attractive opportunity🧜 for🌳 manufacturers

The new regulations for 2026 haven’t been clearly defined by F1’s ne✅xt power unit is expected to still be a 1.6-turbo hybrid engine.

The hybrid element of the power unit is expected to be simplified while they will be run on 100 per cent sustainable fuels - something tha💛t appeals to both Porsche and Audi.

Both manufacturers are not expected to enter the sport as new eꦿntrees.

According to the BBC, Porsche is꧂ in talks with Red Bull over potentially acquiring a 50 per cent stake.

Red Bull is currently building its own engine department🌞 - Red Bull Powertrains - after Honda’s exit at the end of 2022.

Porsche would take over the design of Red Bull’s🤡 power un൲its from 2026.

On the other h🎐and, Audi has a range of options with reports linking it with a num♌ber of teams.

It has reportedly held talks with☂ McLaren, Sauber, Williams and Aston Martin.

McLaren has repeatedly rejected any rumours surrounding a takeover while Aston 🐎Martin has previously 🎃spoken about developing its own F1 engine.

Williams team principal Jo💃st Capito has li๊nks to the Volkswagen group having been director of Motorsport previously.