VW have repeatedly denied plans to join Formula 1 several times now. I don’t know why people insist that their entry to the sport is imminent.
Anyway, you couldn’t have timed this thread any better if you had tried – the formal presentation of the Polo R WRC will be made at 7:30pm tonight.
It’s widely-expected that Red Bull will be backing the team, given their close association with Skoda in the IRC and ERC in the past. Here’s a mock-up of what the car might look like: