Motor racing-Audi to take 100% ownership of Sauber F1 team

FILE PHOTO: The logo of Audi is seen on the Audi Q6 e-tron displayed during an event a day ahead of the official opening of the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, September 4, 2023. REUTERS/Leonhard Simon/FILE PHOTO

(Reuters) - Audi plans to take 100% control of the Sauber Formula One team ahead of its transformation into the German carmaker's factory team from 2026, the Volkswagen-owned brand said on Friday.

Oliver Hoffmann will step down from Audi's management board to take overall responsibility for the Formula One programme while Andreas Seidl will run the Swiss-based team.

(Reporting by Alan Baldwin in London, editing by Andrew Cawthorne)