RBR will be Aston Martin Red Bull Racing from 2018

RBR will be Aston Martin Red Bull Racing from 2018

RBR will be Aston Martin Red Bull Racing from 2018

The partnership will lead to future collaborations along the lines of the Aston Martin Valkyrie hypercar that saw involvement from Red Bull's renowned chief designer Adrian Newey.

The team will be rebranded Aston Martin Red Bull Racing as part of the deal which could pave the way towards a more substantial role for Aston Martin in motorsport's top echelon.

The former world champions will be known officially as Aston Martin Red Bull Racing.

Aston Martin has today announced that it will become the title sponsor for Red Bull Racing from next year - meaning that one of Britain's most venerated brands will return to the Formula One paddock as Aston Martin Red Bull Racing in March. We are enjoying the global brand awareness that a revitalised Formula 1 provides.

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Production on the 1,130 horsepower hybrid auto which has been part designed by Red Bull's chief technical officer, Adrian Newey, is expected to go into production next year before being released in 2019 at a rumored cost of around $3 million.

Red Bull will continue to be powered by Renault engines in 2018.

The two companies are serious enough that this is a long-term releationship that they're cementing the relationship in the form of a new Advanced Performance Centre at Milton Keynes.

Aston confirmed it is helping launch a new Advanced Performance Centre at the F1 team's campus in Milton Keynes.

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Aston Martin, established in 1913, quit Formula One in 1960 and made its return as a sponsor to Red Bull, with Max Verstappen and Daniel Ricciardo as the team's drivers, last year.

Although the F1 team will be known as Aston Martin Red Bull Racing next year, it will still use Renault engines, which are now branded as TAG Heuer units. With reports about the manufacturer supplying engines in F1 in the future, Palmer said that Aston Martin could further get involved in F1, should the conditions be right. "The power unit discussions are of interest to us but only if the circumstances are right-we are not about to enter an engine war with no restrictions in cost or dynamometer hours but we believe that if the FIA can create the right environment we would be interested in getting involved".

Aston Martin and Red Bull first joined forces in 2016 in a technical partnership that's helping to transfer F1 technology to road cars through the development of the Valkyrie hypercar. The FIA is discussing whether to simplify and reduce the cost of engines when a change is due in 2021.

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