Porsche's plans to buy 50% of Red Bull revealed

Porsche's plans to buy 50% of Red Bull revealed

Jul 28, 2022 by ESPN

Key Facts

  • The document, which was first reported on by Motorsport-Total, was made public to comply with Morocco's antitrust laws and reveals the proposed purchase of 50% of Red Bull Technology, Red Bull Racing's parent company, by Porsche.
  • A tie-up between Red Bull and Porsche was expected to be announced at this month's Austrian Grand Prix, but a delay in the FIA's approval of F1's engine regulations for 2026 postponed confirmation.
  • It also said the joint venture was being set up with the aim of developing and manufacturing power units for the Red Bull F1 team.
  • On Thursday, Red Bull issued a statement to ESPN saying Porsche's involvement with its F1 team and newly launched powertrain division was still under discussion, but also made reference to the final approval of the 2026 engine regulations, which is expected to be completed by the FIA's World Motor Sport Council in August.

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