Porsche will not enter F1 with Red Bull in 2026, the German manufacturer has revealed.
The two entities had been in talks for several months with a view towards joining forces in time for F1's new set of power unit regulations.
In May, then-VW Group CEO Herbert Diess said that both Porsche and Audi had decided to enter F1, having been attracted by the sport's rising popularity and the introduction of a budget cap, which would make an F1 operation more affordable.
Various media then reported in July that an agreement had been reached which would see Porsche and Red Bull each take a 50 per cent stake in a new joint venture, ahead of a formal partnership beginning in 2026.
However, while Audi confirmed their 2026 entry into F1 last month, a Red Bull-Porsche tie-up was said to have gone cold over recent weeks, with Red Bull's existing partner Honda keen to remain involved with the team.
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Porsche: Red Bull talks will not be continued
"In the course of the last few months, Porsche and Red Bull have held talks on the possibility of Porsche's entry into Formula 1," read a Porsche statement.
"The two companies have now jointly come to the conclusion that these talks will no longer be continued.
"The premise was always that a partnership would be based on an equal footing, which would include not only an engine partnership but also the team. This could not be achieved."
While Porsche will not be entering F1 with Red Bull, the firm did not rule out the possibility of joining the sport through a partnership with another team.
"With the finalised rule changes, the racing series nevertheless remains an attractive environment for Porsche, which will continue to be monitored," continued the statement.
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