Porsche: We will never enter F1

German carmaker Porsche "has ruled out entering F1," according to the SID.

Porsche Development Head Wolfgang Hatz said, "F1 was never a topic of discussion for us and won't become one."

The Stuttgart-based company will, however, "increase its focus on the 24 Hours of Le Mans race."

Hatz: "More and more competitors are joining the event, and we learning more for our street cars"

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