The first details of Porsche’s planned move into Formula 1 have been revealed with the German car manufacturer looking to secure a 50% stake in Red Bull.
There has been no official announcement, but this is expected in the coming weeks.
Regulations stipulate that the agreement must be seen by authorities within the EU as well as 20 countries outside the EU. One of these authorities is Morocco’s Conseil de la Concurrence, which has published details of the application following approval.
The partnership will be in place for 10 years and will see Porsche and Red Bull develop a power unit for the 2026 season, which coincides with the next significant change in the regulations.
Red Bull’s sister team Alpha Tauri is also expected to run the Porsche power unit once it has been made, however, it is understood that they will remain fully owned by Red Bull.
The move has been speculated for some time, but the news marks an exciting time for Formula 1 with another Volkswagen Group brand – Audi – also looking to secure entry into the sport. Rumours suggest that they are in talks with Alfa Romeo which is owned by Sauber Motorsport AG.