In the round-up: Porsche is taking its first steps to joining forces with Red Bull’s Formula 1 operation.
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In brief
Porsche buying into Red Bull
The first details of Porsche’s moves to buy into Red Bull’s Formula 1 operation have emerged.
The company indicated in May it intends to enter F1 in 2026, to coincide with the introduction of new engine regulations. These are yet to be finalised, and the recent replacement of former CEO Herbert Diess with Oliver Blume prompted speculation of a change of direction by Porsche.
However new documents released by Morocco’s Conseil de la Concurrence (Competition Council) show Porsche is in the process of 50% of the shares in Red Bull Technology, which manufacturers the F1 team’s chassis.
The scope of a final deal is likely to go much further than this, and include Red Bull’s junior team AlphaTauri which is also supplied by its technology division. However the latest disclosure indicates the wheels are in motion for Porsche to return to F1 for the first time in over three decades.
Szafnauer: “more to come” for close racing from 2022 rules
Alpine team principal Otmar Szafnauer said that the team was “reasonably satisfied” with the first half of 2022 but believes there was more to come from both the new regulations and its performance.
“Coming into the year, there was a sense of heading into the unknown with the change of regulations, different looking cars and the ambition of harder and closer racing on-track,” said Szafnauer. “I think there’s more to come in terms of achieving the ultimate objective of wheel-to-wheel racing, corner after corner, but, we’ve seen some excellent races at the majority of grand prix.
“In terms of our performance, we’re in a strong position to achieve our season aim of being fourth place in the constructors’ championship. Regularly, we are the fourth-fastest car, even if we have not extracted or shown that potential as much as we’d have liked.”
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