Rumour: Hyundai keen to enter Formula 1 by buying one of the teams

RahulNagaraj · 6th June 2024, 14:12

According to reports, Hyundai could be looking to enter Formula 1. Rumours state that the South Korean car giant is considering buying its way into the sport.

Hyundai currently competes in the World Rally Championship, having even won the manufacturer's trophy in 2019 and 2020. The Hyundai WRC team is managed by Cyril Abiteboul - former Renault F1 team principal.

Rumour: Hyundai keen to enter Formula 1 by buying one of the teams-hyundailogo.jpg

While details of Hyundai's plans are yet unknown, its intent to buy its way into F1 could play to the likes of Formula One Management (FOM). In addition, the change in engine regulations from the 2026 season could also be an interesting prospect for Hyundai. Also, South Korea expressing interest in hosting an F1 Grand Prix in Incheon could prove helpful.

Hyundai is currently the fourth-largest car manufacturer in the world. It will be interesting to see the South Korean car giant on the F1 grid alongside brands like Honda (signed with Aston Martin), Ford (with Red Bull) and General Motors (with Andretti).

Source: MotorsportWeek

Link to Team-BHP news

mayankk · 6th June 2024, 14:29

Would love to see Hyundai on the F1 circuit. As a budget brand, the 135 Mn budget cap could well transform into 2 or 3 times that.
Jokes apart, where will they buy in?

lemedico · 6th June 2024, 16:59

They wouldn't have trouble hiring drivers for the team, the typical Creta bloke on our streets has all the bravery and the skills to push their vehicle ahead of any other!

sen2693 · 6th June 2024, 21:45

if there was an option to buy an existing team, Andretti would already have done that. Doesnt look like any team is on sale as such.

ds.raikkonen · 7th June 2024, 11:23

They are already doing well in WRC and should perhaps look at the WEC in terms of road relevance. Though even F1 is headed on that path, the WEC is much better to homologate parts in road cars.

Similar to VW group, Hyundai might stretch themselves thin by getting into all forms of motorsports riding on their current cash rich wave and regret later. F1 is not everyone's cup of tea.

Rohitthebest · 7th June 2024, 11:36

Oh No!
They will be the first company to introduce projector lamps and dual tone horns in F1 cars. Without that how will their drivers drive and overtake??

clementw · 7th June 2024, 13:00

If true will be a bi step up for Hyundai. And this can help to grow the esteem value of their cars as the first choice option.

isotope729 · 20th June 2024, 12:54

With all the Andretti fiasco, I have doubts that it hasn't painted a good picture for potential entrants to F1. Even with the budget and the prestigious names of Andretti and GM couldn't find acceptance with the FOM. And even if Hyundai's entry is granted as an engine manufacture, which team on the current grid will partner with them? Aston Martin was fortunate to partner with Honda.

For Hyundai, the WEC is a better option. Start with the LMP3 and get the experience. Then they can move to the Hypercar category and the prestige it brings.

6th June 2024, 14:12	#1
RahulNagaraj Senior - BHPian Join Date: Mar 2021 Location: Bangalore Posts: 2,568 Thanked: 24,380 Times	Rumour: Hyundai keen to enter Formula 1 by buying one of the teams According to reports, Hyundai could be looking to enter Formula 1. Rumours state that the South Korean car giant is considering buying its way into the sport. Hyundai currently competes in the World Rally Championship, having even won the manufacturer's trophy in 2019 and 2020. The Hyundai WRC team is managed by Cyril Abiteboul - former Renault F1 team principal. While details of Hyundai's plans are yet unknown, its intent to buy its way into F1 could play to the likes of Formula One Management (FOM). In addition, the change in engine regulations from the 2026 season could also be an interesting prospect for Hyundai. Also, South Korea expressing interest in hosting an F1 Grand Prix in Incheon could prove helpful. Hyundai is currently the fourth-largest car manufacturer in the world. It will be interesting to see the South Korean car giant on the F1 grid alongside brands like Honda (signed with Aston Martin), Ford (with Red Bull) and General Motors (with Andretti). Source: MotorsportWeek Link to Team-BHP news
	(6) Thanks

6th June 2024, 14:29	#2
mayankk Distinguished - BHPian Join Date: Apr 2010 Location: New Delhi Posts: 5,213 Thanked: 8,519 Times View My Garage	Re: Rumour: Hyundai keen to enter Formula 1 by buying one of the teams Would love to see Hyundai on the F1 circuit. As a budget brand, the 135 Mn budget cap could well transform into 2 or 3 times that. Jokes apart, where will they buy in?
	() Thanks

6th June 2024, 16:59	#3
lemedico BHPian Join Date: Aug 2013 Location: Agra, Cambridge Posts: 700 Thanked: 2,164 Times Infractions: 0/1 (7)	Re: Rumour: Hyundai keen to enter Formula 1 by buying one of the teams They wouldn't have trouble hiring drivers for the team, the typical Creta bloke on our streets has all the bravery and the skills to push their vehicle ahead of any other! Last edited by lemedico : 6th June 2024 at 17:07.
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6th June 2024, 21:45	#4
sen2693 BHPian Join Date: Feb 2021 Location: Bangalore Posts: 142 Thanked: 358 Times	Re: Rumour: Hyundai keen to enter Formula 1 by buying one of the teams if there was an option to buy an existing team, Andretti would already have done that. Doesnt look like any team is on sale as such.
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7th June 2024, 11:23	#5
ds.raikkonen BHPian Join Date: Dec 2019 Location: NCR Posts: 565 Thanked: 998 Times	Re: Rumour: Hyundai keen to enter Formula 1 by buying one of the teams They are already doing well in WRC and should perhaps look at the WEC in terms of road relevance. Though even F1 is headed on that path, the WEC is much better to homologate parts in road cars. Similar to VW group, Hyundai might stretch themselves thin by getting into all forms of motorsports riding on their current cash rich wave and regret later. F1 is not everyone's cup of tea.
	(1) Thanks

7th June 2024, 11:36	#6
Rohitthebest BANNED Join Date: Feb 2024 Location: Pune Posts: 120 Thanked: 254 Times	Re: Rumour: Hyundai keen to enter Formula 1 by buying one of the teams Oh No! They will be the first company to introduce projector lamps and dual tone horns in F1 cars. Without that how will their drivers drive and overtake??
	(4) Thanks

7th June 2024, 13:00	#7
clementw BHPian Join Date: Apr 2020 Location: Chennai Posts: 259 Thanked: 274 Times	Re: Rumour: Hyundai keen to enter Formula 1 by buying one of the teams If true will be a bi step up for Hyundai. And this can help to grow the esteem value of their cars as the first choice option.
	(1) Thanks

20th June 2024, 12:54	#8
isotope729 BHPian Join Date: Jun 2022 Location: Pune Posts: 41 Thanked: 60 Times	Re: Rumour: Hyundai keen to enter Formula 1 by buying one of the teams With all the Andretti fiasco, I have doubts that it hasn't painted a good picture for potential entrants to F1. Even with the budget and the prestigious names of Andretti and GM couldn't find acceptance with the FOM. And even if Hyundai's entry is granted as an engine manufacture, which team on the current grid will partner with them? Aston Martin was fortunate to partner with Honda. For Hyundai, the WEC is a better option. Start with the LMP3 and get the experience. Then they can move to the Hypercar category and the prestige it brings.
	() Thanks