A spokesperson for Porsche has confirmed that the company is not planning to return to Formula 1 racing in the near future, putting to rest a long-standing rumor that spread like wildfire over the last couple of days.
The rumors began when word got out that Porsche's motorsports division had hired half a dozen new employees with Formula 1 experience, including BMW's Fritz Enzinger as well as several mechanics and engineers from miscellaneous teams. From there, rumors claimed that Porsche was going to take advantage of the upcoming changes in Formula 1 regulations to make a return to the sport before the end of the decade.
"These reports are pure speculation," affirmed Oliver Hilger, the head of Porsche's motorsports department. "We are not interested at all in returning to Formula 1, our focus is on Le Mans."
To put the rumors to rest for good, Hilger explained that Porsche went on a Formula 1 hiring spree to launch its upcoming endurance racing program.
"When you want to form a winning team you need to look for talent in all racing series, including Formula 1," said Hilger.
While Formula 1 is out of the question for the time being, look for Porsche to field a car in the LMP1 class of the 2014 edition of the 24 Hours of Le Mans.