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Porsche to buy 50% stake in Red Bull F1 team

The partnership could see the two developing new power units to meet F1's upcoming 2026 engine regulations.

According to a media report, Porsche intends to buy a 50% stake in Red Bull Technology. The buy-in details come via legal documents published by Morocco's Conseil de la Concurrence.

While the document only states Porsche is buying a stake in RBT, the deal could extend to Red Bull's F1 business as well. Porsche notified the conseil on July 8 that it will be setting out on a 10-year partnership with Red Bull. The published documents also state that both Red Bull and Porsche are expected to make an official announcement on Aug 4.

The partnership could see the two developing new power units to meet F1's upcoming 2026 engine regulations. While the document doesn't mention AlphaTauri, it is highly likely that Red Bull's sister team could also be powered by the Porsche power units from 2026 onwards.

Porsche, however, isn't the only Volkswagen Group brand interested to enter Formula 1. German luxury brand Audi is also exploring opportunities to enter the sport, although it hasn't gotten as far along in the process as Porsche. Volkswagen Group's Supervisory Board already approved both brands' efforts to explore entering F1 earlier this year.

Source: Motorsport.com

 
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