Graduated from the Academy of Brera, he started working as an artist and journalist. He began running as a co-pilot at age 24, in 1968 joined the Lancia team, with Luca di Montezemolo and Sandro Munari. He has stayed in team for 3 years, during which he graduated in Management at Bocconi University. In 1976 he was appointed Team Manager of Ferrari, in place of Luca di Montezemolo. He became Operations Director, then Managing Director of the new Super Aguri F1 Team. In 1977 he ran the World Championship Niki Lauda. At the end of the season, he became the head of all motorsport activities of Fiat. Later, he was recruited by Lamborghini Engineering, then promoted to Managing Director and head of the F1 program of the company, between 1989 and 1993. In 1996 he joined Tom Walkinshaw in the attempt to buy the Ligier, racing in F1, but in few weeks Walkinshaw left the French team (then owned by Flavio Briatore) and bought a majority stake in F1 team Arrows. Audetto moved to England with Tom. He has remained with Arrows until the end of 2002. In 2003 he joined the Renault F1 to coordinate the engine department in Britain and later became Business Development Director. A year later, he joined the team as Sales Director Menard.