Red Bull-Renault extend deal for five years
9 September, 2011
Sep.9 (PVM) Red Bull Racing and Renault Sport F1 have announced that they will continue their world championship winning partnership for a further five years until 2016 and will thus enter the forthcoming Formula 1 turbo era as partners.
Christian Horner, Red Bull Racing team principal, said: “We’re obviously thrilled to announce this significantly enhanced agreement with the Renault-Nissan Alliance, who we have enjoyed a close working relationship with since 2007. Renault Sport F1 has always been very straight-forward to work with, which has been a contributing factor to the on-going success of the Red Bull Racing-Renault partnership. Together we have so far achieved 22 wins, 32 pole positions, 1130.5 World Championship points and two World championships.”
In a statement released on the opening day of the Itlaian Grand Prix weekend at Monza the two companies announced: “Building upon the existing world-championship winning partnership, Renault Sport F1 will continue to supply V8 engines and KERS Motor Generator Units to Red Bull Racing for 2012 and 2013, with the new agreement repositioning the relationship between Red Bull Racing and Renault to a premium technical co-operation.”
Adding, “Within the new agreement, a technical joint venture will be setup, in which Red Bull Technology and Renault Sport F1 will collaborate to develop innovative technical solutions for the V6-based power unit that will be introduced from 2014. Red Bull Technology and Renault Sport F1 will contribute their respective know-how, experience and specialist personnel to the project to achieve a competitive and reliable power train to be used by Red Bull Racing and other customer teams.
Bernard Rey, President of Renault Sport F1, commented, “We are delighted that the Red Bull Racing-Renault partnership has been extended for a further five years, which will take us to a decade of
collaboration. Red Bull Racing and Renault share the views that stability is a fundamental condition to perform at the top levels of competition.”
Jean-François Caubet, Managing Director of Renault Sport F1, added, “The V6 power units due to be introduced from 2014 represent a huge undertaking and to have the input, resources and vast inhouse
F1 car expertise of Red Bull Technology will help the team at Renault Sport F1 in Viry-Châtillon specify, design and develop a competitive unit from the start of the new regulations and optimize its structural integration into the chassis. Having this particular support will of course be to the advantage of our other team partners, who will indirectly benefit from the joint expertise of the Red Bull Racing and Renault Sport F1.”
Red Bull’s partnership with Renault started in 2007 and has since delivered the 2010 title and presently look set to winning back-to-back titles with Sebastian Vettel.