Rumors had been swirling about Volkswagen taking interest in putting together an F1 program. The German automaker would either supply engines, or perhaps Porsche would be re-entering the Formula 1 fold. We told you that VW was giving itself until the end of the year to decide if it wanted to enter F1 by 2013, and apparently, the automaker has made a decision: Volkswagen is not entering Formula 1 in any capacity.
This extends to all brands under the Volkswagen Auto Group umbrella, as well. However, Audi and Porsche will still focus its racing efforts where currently applicable, and Volkswagen is reportedly still interested in fielding a World Rally Championship car.
[Source: Yahoo! Sport]