Porsche announces the end of partnership talks with Red Bull

Porsche announces the end of partnership talks with Red Bull


German manufacturer Porsche announced on Friday the end of partnership discussions with Formula 1 team Red Bull, for a return to motorsport, a surprise after months of talks. “As part of Porsche’s possible entry into the world of Formula 1, Porsche and Red Bull have been in talks over the past few months. The two companies reached a mutual conclusion that these discussions will not be continued.Said Porsche in a statement.

This failure was not expected when the negotiations seemed to reach a conclusion last July, before being extended. “The beginning (of these discussions) has always been the cooperation of equals (…) This could not be achieved“, justified the manufacturer without giving further details. “However, motor racing is still an interesting environment for Porsche.“who wants to go on”look“opportunity. The German car group Volkswagen, owner of Porsche, announced in April that it was backing the project with Red Bull, in a partnership that would allow the brand to return to the championship. The negotiations aimed to take over the Red Bull team, which currently leads the championship of the world of constructors, and Porsche up to 50%.

Porsche in F1 since 1991

Porsche originally raced in Formula 1, between 1957 and 1962, then supplied McLaren engines from 1983. McLaren left them for Honda in 1988 and Porsche’s last F1 participation was a brief return in 1991. Audi, brand another Volkswagen, has made progress in its project. and should make the debut in Formula 1 in 2026. Cooperation with the team should be “to be announced at the end of the yearSaid the CEO of the company Markus Duesman at the end of August. Committed as the entire Volkswagen group to a radical electric transformation, Audi and Porsche hope to take the opportunity to enter Formula 1 to showcase their technology and ambitions.green“.

SEE ALSO – Paris Saint-Germain’s ‘third’ kit has been revealed