Despite some media reports suggesting that an agreement had been finalised that would see Porsche and Red Bull join forces from the 2026 F1 season, RacingNews365.com understands this is not the case.
Various media reported on Wednesday 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 to coincide with F1's new generation of power unit regulations.
However, RacingNews365.com understands from sources close to Red Bull that nothing has been officially finalised, and that the situation remains as it was at the beginning of the year, when RacingNews365.com revealed the conditions regarding a mooted Red Bull-Porsche tie-up.
It is understood that Porsche is still waiting to see what form F1's post-2026 engine regulations will take before any decision is made on the brand's entry into Formula 1, and before any agreement with Red Bull can become concrete.
Shaila-Ann Rao, the FIA’s interim Secretary General for Motor Sport, recently informed RacingNews365.com that she expects the new regulations to be finalised in the second week of August at the latest.