Porsche staying coy on Formula 1 engine rumors

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Porsche has remained coy on rumors it could be set to enter Formula 1 as an engine supplier in the near future despite confirming that it is in the process of developing a “high-performance, high-efficiency engine”.

Porsche rocked the motorsport world last month by announcing it would be closing its LMP1 program at the end of the season in order to prepare for an entry to Formula E in 2019.

The realignment of its motorsport strategy came following Porsche’s attendance of meetings regarding F1’s future power options, set to come into play for the 2021 season.

The German marque had been rumored to be considering entering F1 as an engine supplier alongside its Formula E commitments, with member of the executive board research and development Michael Steiner responding to the speculation.

“Like other manufacturers, we participate in discussions on the future Formula 1 powertrain at the invitation of the FIA,” Steiner said.

“At the moment, the team in Weissach is not working on an F1 engine, but it is working on a high-performance, high-efficiency engine, specifically at the design level.

“So far, we have not decided what we will do with this engine, or in other words whether we will use it in series production or in motorsport. If the LMP1 programme had continued, we would have worked on efficient high-performance engines, and we are now pushing ahead with this development.

“The development contract with the engineers will run for the next 18 months.”

When asked directly if Porsche would be entering F1 in 2021, Steiner said: “I am not working on that assumption, but there is no statement to be made about this.”

F1 currently boasts four engine manufacturers – Mercedes, Ferrari, Honda and Renault – but is known to be discussing its future regulations with a number of parties both inside and outside of the sport.

Porsche last featured in F1 as an engine supplier in 1991, powering the Footwork team for six races before its switch to Ford engines for the remainder of the season.