Jun.18 (GMM) Despite winning the famous Le Mans 24 hour race last weekend, the luxury German carmaker Audi insists it is not contemplating a formula one foray.

"F1 is still not an issue for us," the Volkswagen owned marque's chairman Rupert Stadler told the German news agency SID.

It is suggested that Audi spent as much as 200 million euros in total on its successful 2008 Le Mans campaign.