There has been an important development in Formula 1, which is one of the most followed motor sports in the world. Porsche, one of the important names in the automobile world, announced that its plans to enter the world of Formula 1 by partnering with the Red Bull team have been cancelled. In the statements made before the Italian Grand Prix, it was also explained why the partnership plan was broken.
Former Volkswagen CEO Herbert Diess, who announced his resignation a while ago, confirmed in a statement in May 2022 that Porsche and Audi will take place in Formula 1 by 2026. Immediately after this statement, it was claimed that there were talks between Porsche and Red Bull. In a statement today, Porsche both confirmed the talks and announced that the plans would not come true. So why couldn’t Red Bull and Porsche form a partnership?
Porsche wanted to be a partner in the team as well.
In the statements made by Porsche officials, it was stated that the negotiations had been going on for several months, but no conclusion could be reached. So much so that Porsche wanted to enter Formula 1 not only with the engine, but also as a team. So Porsche wanted to be in 50 percent of the Red Bull team. However, Red Bull did not accept this. “We always wanted the partnership to be on an equal footing.” said Porsche, explaining that this could not be achieved.
Porsche will continue to be interested in Formula 1 even though it has not been able to make a deal with Red Bull. Officials stated in their statements today that Formula 1 is still very attractive for Porsche. However, what can be done about it remains a mystery for now. What we can deduce from today’s statement is that the Porsche brand will eventually be included in Formula 1…
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