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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)
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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.

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South Korea Expresses Regret after Its Athletes Introduced as North Korea at Opening Ceremony

Athletes of South Korea travel by boat along the Seine river during the opening ceremony of the 2024 Summer Olympics, in Paris, France, Friday, July 26, 2024. (AP)
Athletes of South Korea travel by boat along the Seine river during the opening ceremony of the 2024 Summer Olympics, in Paris, France, Friday, July 26, 2024. (AP)
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South Korea Expresses Regret after Its Athletes Introduced as North Korea at Opening Ceremony

Athletes of South Korea travel by boat along the Seine river during the opening ceremony of the 2024 Summer Olympics, in Paris, France, Friday, July 26, 2024. (AP)
Athletes of South Korea travel by boat along the Seine river during the opening ceremony of the 2024 Summer Olympics, in Paris, France, Friday, July 26, 2024. (AP)

South Korea expressed regret that its delegation of athletes at the Paris Olympics opening ceremony on Friday was introduced as from rival North Korea and has demanded assurances from organizers the mistake will not happen again.

As the boat carrying South Korean athletes passed on the Seine, the announcer introduced them as the "Democratic People's Republic of Korea" - the official name of North Korea - in French and English.

The announcer used the same introduction when the North Korean delegation passed.

South Korea's vice minister for sports and culture, Jang Mi-ran, who was in Paris, had requested a meeting with International Olympics Committee President Thomas Bach, the ministry said in a statement.

"We express regret that the country was introduced as North Korea at the opening ceremony of the Paris Olympic Games when the athletes of the Republic of Korea were entering," it said.

South Korea's National Olympic Committee immediately referred the incident to the Games' organizers and requested that the error will not be repeated.

South Korea's delegation includes 143 athletes competing in 21 events. North Korea, which is returning to the Games for the first time since Rio 2016, has sent 16 athletes.