We reported last month, following speculation that the German automotive giant was considering a Formula 1 entry under its Audi or Porsche branding, that the VW board would discuss such possibilities in a November meeting.
The rumours were sparked when VW made noises that the ‘global engine’ rules set to come into play from 2013 – and repeated in an exclusive interview we had with VW motorsport boss Hans-Joachim Stuck – would be an appealing prospect for the company.
However, the newspaper claims – citing genuine but anonymous sources – that VW chairman Ferdinand Piech has vetoed the idea.
What was more interesting is that the report claimed that both McLaren and Red Bull had expressed an interest in an engine supply deal should the green light have been given.
VW does, however, still remain committed to a future entry in the World Rally Championship as well as continuing its Le Mans programme with Porsche and Audi.