Business News > Report: Aston Martin to title sponsor Red Bull Formula One team
Aston Martin will become the new title sponsor of the Red Bull Formula One team from the beginning of the 2018 season, according to UK-based weekly motorsport magazine Autosport.
The elite racing team’s cars have carried the luxury carmaker’s branding since 2016, and the company also worked with Red Bull Advanced Technologies on the development of its Valkyrie hypercar.
A potential new title sponsorship would be similar to Red Bull’s previous Infiniti deal, and would see the team renamed as Aston Martin Red Bull Racing. There has also been speculation that Aston Martin could look to secure engine supply deals within the championship if technology and costs are reined in by the International Automobile Federation (FIA).
Speaking to Autosport, Red Bull’s team principal Christian Horner said: “You can speculate all you like but I'm not going to confirm anything. 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.”
Andy Palmer, chief executive of Aston Martin, admitted that the two companies intend to expand their relationship. “It's fair to say that one of the reasons I'm here today is to discuss what next season looks like,” he said, talking to Autosport at Sunday’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 the World Endurance Championship (WEC), but having a presence in Formula One is interesting.”
Red Bull are third in this year’s Formula One constructors’ championship, and their points tally was boosted by driver Daniel Ricciardo’s second-place finish in Singapore. The next Grand Prix takes place in Malaysia on 1st October.