Red Bull, Renault extend deal for five years

Paris: Red Bull Racing and Renault Sport F1 have extended their partnership for a further five years. This partnership will include the new specifications 1.6L V6-turbo power units which are to be introduced from 2014, it was announced on Friday.

Renault Sport F1 will be supplying V8 engines and KERS Motor Generator Units to Red Bull Racing for 2012 and 2013. Within the new agreement, a technical joint venture will be set up, in which Red Bull Technology and Renault Sport F1 will collaborate to develop innovative technical solutions for the V6-based power unit that will be introduced from 2014.

Speaking about the agreement, Bernard Rey, President of Renault Sport F1 remarked: "We are delighted that the Red Bull Racing-Renault partnership has been extended for a further five years, which will take us to a decade of collaboration. Red Bull Racing and Renault share the views that stability is a fundamental condition to perform at the top levels of competition."

Jean-François Caubet, managing director of Renault Sport F1, added, "The V6 power units due to be introduced from 2014 represent a huge undertaking and to have the input, resources and vast in-house F1 car expertise of Red Bull Technology will help the team at Renault Sport F1 in Viry-Châtillon specify, design and develop a competitive unit from the start of the new regulations and optimize its structural integration into the chassis. Having this particular support will of course be to the advantage of our other team partners, who will indirectly benefit from the joint expertise of the Red Bull Racing and Renault Sport F1."

Red Bull Racing team principal Christian Horner said the team was thrilled about this agreement. "Renault Sport F1 has always been very straight-forward to work with, which has been a contributing factor to the on-going success of the Red Bull Racing-Renault partnership. Together we have so far achieved 22 wins, 32 pole positions, 1130.5 World Championship points and two World Championships. As the relationship moves forward, we intend to build on this and look forward to working with the Renault-Nissan alliance during future World Championship campaigns."