The Formula 1 link-up plans between Red Bull and Porsche are now officially over following a statement from the German manufacturer.
Since it began to emerge in the summer of 2021 that Audi and Porsche would enter F1 in 2026 when the next generation of power units are introduced, the ties between Red Bull and Porsche had grown stronger – until last week.
There had even been reports that Porsche could buy a 50% stake in the Red Bull F1 team, on the basis that they would supply engines to the Milton Keynes-based manufacturer.
But in the aftermath of the Dutch Grand Prix, the connection suddenly began to weaken and it now looks like Porsche will be looking elsewhere for a team to join forces with if their F1 plans are officially given the green light.
“Over the past few months, Dr. Ing. hc F. Porsche AG and Red Bull GmbH have held discussions about the possibility of Porsche entering Formula 1,” the statement read.
“The two companies have now reached the joint conclusion that these talks will no longer continue.
“The premise has always been that a partnership would be based on equal footing, which would include not only a driving partnership but also the team. This could not be achieved.
“With the rule changes finalized, the racing series nevertheless remains an attractive environment for Porsche, which will continue to be monitored.”
It was clearly the degree of influence Porsche wanted over the team’s operations that was a major sticking point – with rumors even circulating that Christian Horner’s position as team principal was under threat. .
“There are always crazy rumors in this paddock,” said Horner.
“I recently entered into a long-term commitment with this team and indeed any discussions we had were conditional on the management structure being the same, which has always been fully accepted.
“So I don’t really need to comment on speculation.”
Over the past few months, #Porsche AG and Red Bull GmbH have held talks on the possibility of Porsche’s entry into Formula 1. The two companies have now reached the joint conclusion that these talks will no longer continue. After: https://t.co/ZtOfoYr7U4 pic.twitter.com/1XCKaLbPfk
— Porsche Newsroom (@PorscheNewsroom) September 9, 2022
Although Honda has not severed all ties with Red Bull since their official withdrawal from F1 at the end of last year, it remains unclear whether they would be tempted to return for 2026.
In the meantime, Red Bull Powertrains will continue with its engine project which was put in place after Honda announced its withdrawal, with Horner saying: “For 2026 we are fully committed.
“We recruited some of the best talent in Formula 1 from Red Bull Powertrains, we created a factory in 55 weeks with fully commissioned dynos, we built our first prototype engine for 2026 and put it running before summer vacation.
“We are on a really exciting trajectory that is not dependent on outside involvement or investment if there is strategically the right partner.”