Fans of Volkswagen->ke94 that are excitedly waiting for the decision on whether the company will enter the world of Formula One may not have to wait too long for that decision to come.

According to Motorsport, the German auto conglomerate has set a meeting for November to discuss the possibility of the brand to stamp its ticket to Formula One in the future.

The November meeting was revealed by no less than Hans-Joachim Stuck, a former racer that now serves as a motor sport representative for Volkswagen.

The rumors surrounding Volkswagen’s entry into Formula One have been attributed to changes in engine regulations that will be enforced in 2013. In the event that new regulations are implemented to make the competitive playing field a little more drawn out, Volkswagen or any of its subsidiary auto companies –Audi->ke14 and Porsche->ke1 come to mind – could be finding its way into the Formula One grid by then.

Whatever happens during this meeting in November – it’s widely assumed that Volkswagen will have a serious discussion regarding Formula One in this meeting – this developing news should bode well for fans of VW that have waited ages for their favorite brand to go wheel-to-wheel with some of the finest automakers in the planet in the wild and crazy world of Formula One.

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