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Audi eyeing F1 team with Red Bull as sponsor - report

New Audi e-tron Quattro is presented during the media day at the Frankfurt Motor Show (IAA) in Frankfurt, Germany, September 15, 2015. REUTERS/Kai Pfaffenbach (Reuters)

BERLIN (Reuters) - German carmaker Audi is close to finalising a deal for a Formula One racing team with Red Bull as its main sponsor from 2018, Germany's Auto Bild said on Monday. A spokesman for Audi said he could not confirm the report in the magazine, which said it was only a matter of signing the deal that had already been approved by the company's bosses. As recently as May the car manufacturer had said a Formula One entry was not an issue for them. (Reporting by Maria Sheahan, Writing by Karolos Grohmann; Editing by Amlan Chakraborty)