Well, now there's good and there's bad news. The good news is that I found the reason why there's no CD Audio which is actually stated in the "Read Me". It's rather obscure and doesn't make any sense whatsoever but one can only take a wild guess what made the game developers tick about 13 years ago.
Read Me wrote:RED BOOK AUDIO
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CD audio is only available on the maximum install. The reason for this is
due to the amount of CD […]
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RED BOOK AUDIO
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CD audio is only available on the maximum install. The reason for this is
due to the amount of CD access for data the audio would continuously stop
start.
Now the bad news, it only works randomly. What I mean is that you usually have music in the main menu and the game itself but for some reason it only works sometimes. I started the game like 5 times and only at the 6th try I had music playing in the main menu. Other times I have music in the main menu but as soon I start a race the music is gone and vice versa.
There can only be two reasons for this:
1.) It's simply a bug with DOSBox
2.) I need a special configuration which I don't of know yet
I really hope it's #2 but I can only guess here. If anyone has an idea or even a solution to this problem I would be curious to hear it. Thanks in advance!