Red Bull Racing’s engine saga appears to have finally come to an end after team principal Christian Horner confirmed that an agreement had been struck with a supplier for the 2016 Formula 1 season.
Red Bull’s participation in next year’s championship had been uncertain after the team expressed a desire to cut ties with existing supplier Renault over frustrations with the performance of its power unit.
However, the team failed to strike a deal with Mercedes and turned down Ferrari’s offer of a 2015-spec power unit for the new season. Talks were also held with Honda, but this deal was vetoed by McLaren CEO Ron Dennis, forcing Horner to rekindle negotiations with Renault.
A deal appears to have finally been struck that ensures Red Bull will still be racing in 2016, with an announcement due in the near future.
“We have an agreement with an engine for next year which hopefully will be confirmed in the coming days,” Horner is quoted as saying by the Associated Press.
Red Bull is thought to have agreed an amendment to its deal with Renault that will allow the team to race with unbadged or rebranded engines in 2016 while the French manufacturer focuses on the impending takeover of Lotus and the revival of its works team.
B-team Toro Rosso is poised to take on 2015-spec Ferrari engines for the new season, ending its relationship with Renault after just two seasons.