Porsche, Red Bull Formula 1 partnership scrapped

Friday, 09. September 2022 10:58

Porsche AG announced on Friday, in a statement, that it will not be going through with plans to partner up with Red Bull GmbH to enter into Formula 1.

"The premise was always that a partnership would be based on an equal footing, which would include not only an engine partnership but also the team. This could not be achieved," the statement read.

However, the German car manufacturer asserted that "with the finalized rule changes, the racing series nevertheless remains an attractive environment for Porsche, which will continue to be monitored."

Related Links: Porsche Automobil Holding SE
Author:
Baha Breaking News (BBN) / AY