A German motor racing company has denied suggestions it is about to launch a formula one foray.

But Hans-Juergen Abt, managing director of Abt Sportsline, admits that the outfit is interested in expanding beyond the premier German touring car category DTM in the future.

"One should never say never," he told DTM-Magazin. "In fact I have looked at it in detail. But you have to keep your feet on the ground."

Abt said entering F1 would require the backing of a car manufacturer.

"If Volkswagen say they are coming into F1, then I would probably ask them (about collaborating)," he said. "But at the moment that is not relevant."

Source: GMM