News Details
Red Bull buyout by Porsche thesis gathers pace
Rumors are ramping up that Porsche is seriously contemplating a buy-out of Red Bull Racing to enter Formula 1 as a fully fledged works team in 2021. In July, Porsche announced its departure from the LMP1 category in the World Endurance Championship and its commitment to the burgeoning all-electric Formula E series in 2019. But Lutz Meschke, the Stuttgart firm's financial chief, also confirmed at Monza that Porsche was considering a return to F1, albeit as an engine supplier he insisted. Meschke acknowledged that F1's current plans for a V6 twin-turbo power unit were right up Porsche's alley. "We have to cut costs in F1, and it's a good way to reach this target," said Meschke....
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