Volkswagen chief quits

Rumours of Volkswagen heading to Formula 1 have gained momentum over the last few days due to a power shift at the very top of the group.

Volkswagen's chairman Ferdinand Piech has stepped down from his role.

He resigned at the weekend following a clash with his chief executive Martin Winterkorn.

Piech has in the past been the stumbling block in a potential move into F1 due to a personal feud with F1 chief Bernie Ecclestone.

In sharp contrast, Winterkorn has been credited with expanding VW's presence in motorsport.

But only time will tell whether this move brings VW into F1.