Renaultsport F1 and Red Bull Racing have extended their successful partnership for at least five years more. The new fuel efficient 1.6-litre V6-turbo power unit to be introduced by 2014 will be integrated into the framework of an expanded collaboration. Renaultsport F1 will still provide KERS Motor Generator Units and V8 engines to Red Bull Racing in 2012 and 2013.
The new partnership will bring the relationship of the two companies to a premium technical cooperation.
As part of the new agreement, a technical joint venture will be organized, wherein Renaultsport F1 and Red Bull Technology will work together to create innovative technical solutions for the V6-based power unit to be introduced by 2014.
The two companies will give their respective knowledge, specialist personnel and experience into the project in order to complete a reliable and competitive power train to be used by Red Bull Racing and other customer teams.
President of Renaultsport F1, Bernard Rey, commented that they are delighted with the extension, taking them to a decade of collaboration. He further stated that the two companies share the ideas that stability is a primary condition in order to be at its most competitive levels.
Rey said that the partnership offers a unique chance to showcase Renault engines’ performance at the highest possible level as well as being a “fantastic arena” to create the expertise and technology within the Renault-Nissan Alliance.