Audi and♍ Porsche have been weighing up entering F1 for some time now with the sport introducing new engine regulations for 2026.

Speaking at an event on Monday, VW Group🏅 CEO Herbert Diess confirm𓆏ed its intention to enter F1 with Porsche and Audi.

He said: "You just run out of arguments [against it]," with F1’s succes💙s as a sport financially in recent years making it an attractive opp⭕ortunity for manufacturers

The new 🦩regulations for 2026 haven’t been clearly defined by F1’s next power unit is expected to still be a 1.6-turbo hybrid engine.

The hybrid element of the powerꦐ unit is expected to be simplified while they will be run on 100 per cent sustainable fuels - something that appeals to both Porsche and Audi.

B🌊oth manufacturers are not expected to enter the sport as new entrees.

According to the BBC, Porsche is in talks with Red Bull over potentially acquiring a 50ꦗ per cent stake.

Red Bul💟l is currently building its own engine department - Red Bull Powertrains - after Honda’s exi🃏t at the end of 2022.

Porsche would take over t🉐he design of Red Bull’s power units from 2026.

On the other hand, Au𒁏😼di has a range of options with reports linking it with a number of teams.

I🦄t has reportedly held talks with McLaren, Sauber, Williams and Aston Martin.

McLaren has repeatedly rejected any rumours surrounding a takeover while Aston Martin has previous💎ly spoken about developing its own F1 engine🍎.

Williams team principal Jost Capito has links to the Volkswagen group having been🦹 director of Motorsport previously.