Volkswagen officially withdrawing from FIA World Rally Championship (WRC)

Source: http://www.autosport.com/news/report.php/id/126936

So it is then. Volkswagen has called it a day to their FIA World Rally Championship (WRC) participation, after sister brand, Audi, officially ended their participation in the FIA World Endurance Championship (WEC) and Le Mans racing to focus more on developing electric cars technology with Formula E Team ABT Schaeffler Audi Sport next year (though they have not quitted DTM German Touring Car racing). 

Blame that on Dieselgate. With mounting calls for buyback and increasing fines worth billions of dollars, it just does not make sense financially to continue funding the brand's racing programme. 

Frank Welsch, Volkswagen's board member overseeing technical development, hinted on the brand's electrification alternative, "With the upcoming expansion in electrification of our vehicle range we must focus all our efforts on important future technologies".

Could this be hinting at Volkswagen's participation in Formula E, following Audi's footsteps?