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VW CEO confirms Porsche-Red Bull talks not over yet
Sep.2 New Volkwagen CEO Oliver Blume has confirmed that Porsche's negotiations with Red Bull about a works Formula 1 collaboration from 2026 are still ongoing. We reported this week that the deal is currently on hold, seemingly because Red Bull is concerned about the control it may lose by selling 50 percent of the title-winning team to Porsche. Blume, who until now was the CEO of VW-owned Porsche, told Braunschweiger Zeitung newspaper that 'no final decision has been made' about the F1 foray. 'Basically, we welcome the new regulations which allow significantly more electrification of the engines and the use of synthetic fuels,' he said. 'Porsche is in talks, but we haven't made a final...
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