Rumors of stalling negotiations between Porsche and Red Bull over a possible future partnership in Formula 1 started some time ago, but were officially confirmed today.
The press service of the famous German sports car manufacturer has issued a statement as follows:
“Over the past few months, Porsche AG and Red Bull GmbH have been negotiating the possibility of Porsche entering Formula 1. Both companies have now come to the conclusion that these negotiations are not going ahead.
They are always based on the premise that the partnership should be based on the principles of equality, that it includes not only the supply of engines, but also the cooperation with the team. But they could not agree on that.
As the engine regulations have already been approved, a racing class like Formula 1 will still be attractive to Porsche, so we will continue to monitor the development of the situation.”
Source: F1 News
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