Formula 3 Dallara-Volkswagen

Automakers appear to be pulling out of Formula One en masse. Jaguar and Ford withdrew a few years ago already, Honda canceled its participation at the end of last season, BMW is leaving at the end of this one, and both Toyota and Renault are reportedly considering canceling their programs as well. But one major automaker is now reported to be closely considering entering the fray: the Volkswagen group.

Soon-to-be the world's largest automaker, VW stands as one of the largest automakers having never participated in the sport. Auto Union competed in pre-war grands prix, Porsche participated briefly back in the '60s, and Lamborghini provided engines to a handful of teams a couple of decades ago. But that's about the extent of it.

As budgets constrict with each passing season, however, a senior VW executive in the Far East has reportedly indicated that the company is considering entering the sport, but that budgets would have to fall even further to make it financially viable for the German auto group. If it did, however, the conglomerate's participation – whether as a constructor or engine supplier – could be branded as Volkswagen, Audi or Porsche.

[Source: F1-Live]

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