Porsche, Red Bull F1 partnership talks end without deal
Talks between Porsche and Red Bull concerning a partnership in Formula 1 have come to an end without a resulting deal, Porsche announced on Friday.
Porsche said it was seeking a deal that would be “based on an equal footing,” not only regarding the supply of a new Porsche power unit but also for control of the team.Since a deal couldn't be achieved, the two parties jointly decided to end the talks, Porsche said on Friday.due to be introduced in 2026 make the series an “attractive environment” that will continue to be monitored.
The new regulations call for lower costs and the use of 100% sustainable fuels, something that has also proven attractive for fellow Volkswagen Group brand Audi. Audi announced in August it will when the new regulations are introduced by partnering with an existing team believed to be Sauber, which currently races as Alfa Romeo. The Sauber-Alfa Romeo deal is scheduled to end after 2023.Porsche has a history in F1. It competed as a constructor in the 1950s and '60s and then briefly as a power unit supplier in the 1980s and early '90s.
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