Luxury British sports car manufacturer Aston Martin is set to become the title sponsor of the Red Bull F1 team from 2018 Formula One season, Autosport.com claims that – their trusted sources with good knowledge of the situation have revealed.
The sources have indicated that the contract to name the team Aston Martin Red Bull Racing will be announced in the coming weeks.
“You can speculate all you like but I’m not going to confirm anything,” team principal Christian Horner told Autosport.
“We’ve got a great relationship with Aston, obviously working on and developing the Valkyrie hypercar for them.
“They’re doing a great job, the product is great, and they’ve got a lot of great stuff in the pipeline. There will be news to follow in weeks to come.”
Aston Martin CEO Andy Palmer, who agented Red Bull’s Infiniti contract when in his previous job, admitted that the two companies intend to extend their association.
“It’s fair to say that one of the reasons I’m here today is to discuss what next season looks like,” he told Autosport at this weekend’s Singapore Grand Prix.
“And within that context, do we or don’t we provide an independent engine in 2021? And then join the dots.
“We like the sport and we are a company that aspires to be as valuable as Ferrari.
“That doesn’t mean that we have to copy Ferrari in every way, shape and form. We’re stronger in WEC, but having a presence in F1 is interesting.”
Palmer has previously admitted that Aston Martin could be interested in a future F1 engine programme, depending on the outcome of the 2021 rules discussions.
Aston is currently a sponsor of Red Bull Racing, and is working with Adrian Newey on the Valkyrie road car project – which uses a Cosworth developed engine.
“We sit on the periphery of F1, with the Valkyrie, and with Red Bull,” Palmer told Autosport.
“There’s always that question, would you want to enter as a team? Our major competitor is Ferrari, so in that sense there’s a rationale in being involved in some way.
“But for a company that’s only just moved to making a profit we don’t have the 350-400 million a year that you have to spend on F1.
“If – and it really is the big if – there is a cap put on the number of people or the amount of money that you can spend on developing a new engine, and it’s at a reasonable level, we have a good reason to study it. At the moment there are lots of opinions, and it’s still morphing into whatever the final idea will be.”