After months of talks and discussions, Porsche and Redbull walk away without an agreement.
When Porsche announced its intention to enter Formula 1, it looked likely that the German company would tie in with Redbull.
Talks regarding a partnership gathered pace with an announcement expected around the Austrian GP at the Redbull Ring.
With Audi confirming they are entering Formula 1 as a Power Unit manufacturer from 2026, it was felt around the paddock that Porsche entering with Redbull was just waiting to be announced.
Ultimately, talks have broken down over Porsche’s desire to have a 50 percent stake in Redbull’s Formula 1 operation. Something that Christian Horner was uncomfortable with. Horner has made it clear in recent weeks that Redbull Powetrains would be continuing regardless of any partnership agreements.
“In the course of the last few months, Dr. Ing. h.c. F. Porsche AG and Red Bull GmbH have held talks on the possibility of Porsche’s entry into Formula 1,“The two companies have now jointly come to the conclusion that these talks will no longer be continued.
“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.
With the finalised rule changes, the racing series nevertheless remains an attractive environment for Porsche, which will continue to be monitored
Joint Statement from Redbull and Porsche on the breakdown of talks regarding a future partnership within F1
It will be interesting what options Porsche have left, who could they partner with now?