New contract extends to 2016 and features "technical joint venture"
Last Updated: September 12, 2011 1:47pm
Contract extension: Red Bull and Renault
Red Bull's partnership with engine supplier Renault will continue after a five-year contract extension was announced.
The deal ensures the continuation of a collaboration that began four seasons ago, brought a first victory in 2009 and culminated in a drivers' and constructors' championship double last season.
The new agreement will place special emphasis on collaboration over the 2014 engine regulation overhaul, which will see the current 2.4-litre V8 units replaced with more fuel efficient 1.6-litre V6-turbo engines.
"Within the new agreement, a technical joint venture will be set up, in which Red Bull Technology and Renaultsport F1 will collaborate to develop innovative technical solutions for the V6-based power unit that will be introduced from 2014," a joint statement read.
"Red Bull Technology and Renaultsport F1 will contribute their respective know-how, experience and specialist personnel to the project to achieve a competitive and reliable power train to be used by Red Bull Racing and other customer teams."
Enhanced agreement
Red Bull Racing team principal Christian Horner said of the new deal: "We're obviously thrilled to announce this significantly enhanced agreement.
"Renaultsport F1 has always been very straightforward to work with, which has been a contributing factor to the ongoing 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."
Red Bull's Renault-powered RB7 has been near unbeatable in the hands of reigning champion Sebastian Vettel this year, with both driver and team on target to retain their respective titles.
With six races remaining, Red Bull have already won eight grands prix while Vettel - who has earned all their victories so far this season - could secure back-to-back titles as soon as the next round in Singapore.
Credit: Sky Sports (www.skysports.com)
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