Porsche and Red Bull have ended talks over Porsche joining Formula One with Red Bull as a partner, but the automaker remains interested in entering the racing series.
“The two companies have now jointly come to the conclusion that these talks will no longer be continued,” Porsche said in a statement on Friday.
Porsche said the two companies could not agree on a partnership that included both an engine partnership and also the F1 team.
Porsche said taking part in F1 remained an attractive option and it will continue to monitor the possibility as F1’s rule changes are finalized.
Volkswagen Group’s former CEO Herbert Diess said in May that Porsche and Audi would join Formula One, which has so far been dominated for years by German rival Mercedes-Benz.
F1 plans to switch to cars running on synthetic fuel from 2026 as part of a plan to become carbon neutral by the end of the decade, aligning the franchise more closely with VW Group’s own climate goals.
In July, Bloomberg reported that talks between Porsche and Red Bull were stuck on how much technology Porsche would supply to Red Bull Racing, compared to its Red Bull-owned sister racing team, AlphaTauri, as well as which brand would have the ultimate power to name drivers for a joint race team.
Hani Joudi 
