Stefano Domenicali, CEO of Volkswagen brand Lamborghini, says that VW has no plans to enter Formula 1 anytime soon.
Volkswagen is instead well represented in Formula E, with Audi already there and Porsche set to follow. Domenicali, the former Ferrari boss, told Italian media outlet La Gazzetta dello Sport that the "dieselgate" scandal of 2015 and subsequent financial and public relations hits hurt VW's F1 hopes.
"After everything that happened, the Volkswagen Group decided to invest in Formula E, also as a means of communication in terms of forward-looking technology," Domenicali said. "Of course, I would like to be back in Formula 1 someday, but the times are not right for that."
As for his old F1 employer, Domenicali believes that Ferrari appears to be on the verge of a great season.
"But I don't want to say more," he said.
He also didn't want to say much about Ferrari's new team boss, Mattia Binotto.
"It would be wrong to comment on a company that has a firm place in my heart," said Domenicali. "I can only wish Mattia all the best. He is a good friend and has rightly earned a great reputation in recent years."
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