Porsche-Red Bull F1 Negotiations End Without Agreement

Posted on September 09, 2022
General
Porsche-Red Bull F1 Negotiations End Without Agreement

Talks between Porsche and Red Bull regarding their Formula One partnership have ended without resulting in an agreement, Porsche announced Friday.

Porsche said it had sought an agreement "based on equal footing" regarding the supply of new Porsche power units as well as control of the team.

It was previously reported that Porsche would acquire 50% of the team.

Since no deal was reached, the two parties decided to end talks, Porsche said Friday.

Porsche has not yet given up its ambitions to enter Formula One, saying that new power unit regulations due to be introduced in 2026 make the series an "attractive environment" and that it will continue to monitor it.

The new regulations, which call for lower costs and the use of 100% sustainable fuels, are proving attractive to Audi, another Volkswagen Group brand. In August, Audi announced that it would enter Formula One in 2026, when the new regulations are introduced, in partnership with an existing team believed to be Sauber, which currently races as Alfa Romeo. The contract between Sauber and Alfa Romeo is scheduled to end after 2023.

Like Porsche, Audi plans to develop its own power unit.

Porsche has a history in Formula One, competing as a constructor in the 1950s and 1960s and briefly as a power unit supplier in the 1980s and early 1990s. Audi does not compete in F1, but has a history in Grand Prix racing, dominating the race tracks in the 1930s with Mercedes-Benz, known as Auto Union.

You may also like

Alfa Romeo Milano's debut EV begins charging on April 10.
Alfa Romeo Milano's debut EV begins charging on April 10.

Alfa Romeo has unveiled the first photos of the new Milan, revealing that it will debut on April 10.The Milan is an electric subcompact crossover, whi...

Jan 26

2024 Mazda MX-5 Miata updated, base price $30,150
2024 Mazda MX-5 Miata updated, base price $30,150

The Mazda MX-5 Miata is now available for the 2024 model year, with minor updates that add even more polish to an already accomplished sports car.But ...

Jan 26

U.S. Postal Service to Purchase Six Canoe Electric Delivery Vans
U.S. Postal Service to Purchase Six Canoe Electric Delivery Vans

Canoo announced Thursday that it will sell six electric delivery vans to the U.S. Postal Service.The vans, which will be delivered to the Postal Servi...

Jan 25

Trending

2024 Honda Prologue, $48,795, 296 mile range.
2024 Honda Prologue, $48,795, 296 mile range.

Honda has kept its promise to offer an electric midsize SUV for under $50,000, a promise it made when the 2024 Prologue debuted last fall.Honda announ...

Jan 26

2025 Porsche 911 GT3 Touring, 2024 Mazda MX-5 Miata: today's automotive news
2025 Porsche 911 GT3 Touring, 2024 Mazda MX-5 Miata: today's automotive news

Porsche was spotted testing an updated Touring version of the 911 GT3. The refreshed trackster is expected to receive slight tweaks, one of which woul...

Jan 26

2027 Porsche Cayenne EV, 2025 Cadillac CT5-V Black Wing: top photos of the week
2027 Porsche Cayenne EV, 2025 Cadillac CT5-V Black Wing: top photos of the week

The Porsche Cayenne EV test mule, scheduled for launch in 2027, began cold weather testing on public roads. Although it looked like a spliced-together...

Jan 27