Audi Takes Minority Stake in Swiss-Based Sauber Group

02 October 2018, France, Paris: An employee polishes the logo of an Audi vehicle on the first press day of the Paris International Motor Show. (dpa)
02 October 2018, France, Paris: An employee polishes the logo of an Audi vehicle on the first press day of the Paris International Motor Show. (dpa)
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Audi Takes Minority Stake in Swiss-Based Sauber Group

02 October 2018, France, Paris: An employee polishes the logo of an Audi vehicle on the first press day of the Paris International Motor Show. (dpa)
02 October 2018, France, Paris: An employee polishes the logo of an Audi vehicle on the first press day of the Paris International Motor Show. (dpa)

Audi has taken a minority stake in the Sauber Group whose Swiss-based Formula One team are due to become the German car manufacturer's factory outfit from 2026.

Sauber said in a statement on Monday that, as planned, the Volkswagen-owned brand took the stake this month but gave no financial details.

"This is an important milestone on the way to Audi’s entry in Formula One," it said.

Audi announced last October that it had agreed to take a stake in Sauber Group, which has been involved in Formula One since 1993 and whose team are competing this season as Alfa Romeo using Ferrari engines.

Audi will make its own F1 power unit in Neuburg, Bavaria.



China’s Huang and Sheng Win First Gold of Paris Games at Air Rifle Mixed Team Event

 China's Huang Yuting and Sheng Lihao pose on the podium after winning the gold of the shooting 10m air rifle mixed team during the Paris 2024 Olympic Games at Chateauroux Shooting Centre on July 27, 2024. (AFP)
China's Huang Yuting and Sheng Lihao pose on the podium after winning the gold of the shooting 10m air rifle mixed team during the Paris 2024 Olympic Games at Chateauroux Shooting Centre on July 27, 2024. (AFP)
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China’s Huang and Sheng Win First Gold of Paris Games at Air Rifle Mixed Team Event

 China's Huang Yuting and Sheng Lihao pose on the podium after winning the gold of the shooting 10m air rifle mixed team during the Paris 2024 Olympic Games at Chateauroux Shooting Centre on July 27, 2024. (AFP)
China's Huang Yuting and Sheng Lihao pose on the podium after winning the gold of the shooting 10m air rifle mixed team during the Paris 2024 Olympic Games at Chateauroux Shooting Centre on July 27, 2024. (AFP)

China's Huang Yuting and Sheng Lihao won the first gold medal of the Paris Games on Saturday in the 10 meters air rifle mixed team event.

Keum Ji-hyeon and Park Ha-jun of South Korea claimed silver and Alexandra Le and Islam Satpayev of Kazakhstan were awarded bronze.

Three years after Yang Qian and Yang Haoran won the gold in Tokyo, compatriots Huang and Sheng made sure China retained it.

The reigning world champions topped the qualifying round ahead of their Korean rivals at the Chateauroux Shooting Centre.

The gold medal round was not really a cakewalk though despite them racing to a 14-8 lead after the first 11 shots.

Keum and Park staged a late comeback to reduce the gap at 14-12 but the Chinese pair prevailed 16-12 in the end.

Le and Satpayev gave Kazakhstan their first medal of the Paris Games with a 17-5 romp against the German pair of Anna Janssen and Maximilian Ulbrich.