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Red Bull and Porsche talks terminated, no deal
Porsche announced today that their discussions to enter a Formula 1 partnership with Red Bull have ended, with no agreement reached. Porsche confirmed on Friday ahead of the Italian Grand Prix that these talks had ended and that no partnership with Red Bull would be pursued. “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 statement reads. “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...
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