After Honda announced that it will be exit the world of Formula One as a power unit manufacturer at the end of 2021, Red Bull has been rumoured to inherit Honda’s Power units from 2022 and, on Monday, the company confirmed it via a blog post. The company has reached an agreement with Honda Motor Co Ltd, wherein Red Bull has the authority to make use of Honda F1 power unit tech from the beginning of the 2022 season.
Why Is This Deal With Important?
Today’s announcement comes days after FIA’s introduction of a Formula One power unit freeze, which will take effect from 2022. The agreement covers the duration of this freeze, enabling Red Bull’s two teams, namely Red Bull Racing and Scuderia Alpha Tauri to make use of the current Honda engine. This will last till 2025 when next-gen engines will be introduced.
As for the functioning aspect of this deal, a new company, dubbed Red Bull Powertrains Limited has been formed. This will be operated from the team’s base in Milton Keynes.
In order to run the project, a new company named Red Bull Powertrains Limited has been formed. This new division will be housed and operated from Red Bull Racing’s F1 Team base on the Red Bull Technology Campus in Milton Keynes.
What Does The Team Have To Say About This Honda Takeover?
Dr Helmut Marko, the team’s advisor said: “We have been discussing this topic with Honda for some time and following the FIA’s decision to freeze power unit development from 2022, we could at last reach an agreement regarding the continued use of Honda’s hybrid power units”
“We are grateful for Honda’s collaboration in this regard and for helping to ensure that both Red Bull Racing and Scuderia AlphaTauri continue to have competitive power units” he added.
“The establishment of Red Bull Powertrains Limited is a bold move by Red Bull but it is one we have made after careful and detailed consideration. We are aware of the huge commitment required but we believe the creation of this new company is the most competitive option for both teams”
Team Principal Christian Horner stated the following: “This agreement represents a significant step for Red Bull in its Formula One journey. We were understandably disappointed when Honda made the decision to leave the sport as an engine manufacturer, as our relationship yielded immediate success, but we are grateful for their support in facilitating this new agreement.”
“Honda has invested significantly in hybrid technology to ensure the supply of competitive power units to both teams. We now begin the work of bringing the power unit division in-house and integrating the new facilities and personnel into our Technology Campus.”
“In the meantime, we are fully focused on achieving the best possible results in what will be Honda’s final season as an official power unit supplier.”