Red Bull Formula One - Volkswagen Deal Possibly Off

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Red Bull Formula One - Volkswagen Deal Possibly Off Empty Red Bull Formula One - Volkswagen Deal Possibly Off

Post by Guest on Wed 23 Sep 2015, 5:14 pm

23rd September 2015
News in that the Volkswagen chief executive Martin Winterkorn has resigned following the revelation that the firm manipulated US diesel car emissions tests.  
http://www.bbc.co.uk/news/business-34340997


18th September 2015
Martin Winterkorn was the key person involved in Volkswagen plan to buy the Red Bull Formula One Team:
BBC wrote: "German car giant Volkswagen is close to agreeing a deal to take over the Red Bull Formula 1 team, says BBC F1 chief analyst Eddie Jordan. ... Any VW deal would represent a triumph for Martin Winterkorn, the chairman of the VW board of directors, in an internal power struggle. ... BBC Sport understands Winterkorn agreed a deal to buy out Red Bull last winter but the plan was vetoed by former VW Group chairman Ferdinand Piech.  Piech was ousted in a boardroom power struggle and resigned in April."
http://www.bbc.co.uk/sport/0/formula1/34297046

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Post by Guest on Wed 23 Sep 2015, 5:51 pm

If RB get a works engine deal with Ferrari, then the VW deal & future engine supply with them won't really matter.

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Post by dyrewolfe on Thu 24 Sep 2015, 1:05 pm

I'd say its less to do with Winterkorn resigning and more to do with the fact VW are stashing £6.5bn away to deal with impending lawsuits, although according to the story they could be hit for as much as $18bn! Shocked

A Ferrari engine would obviously be a step up for RB but I'm betting they were hoping for someone to come in and give them a new and better engine.
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Post by CaledonianCraig on Sun 11 Oct 2015, 3:26 pm

This matter is at crisis point but for me it would be a no-brainer - stick with Renault for now. If they go with a Ferrari engine with this year's specs it will hinder them even more. Yes the Renault engine hasn't reaped rewards lately but it is still a step up from a year-old Ferrari engine. They should stick with Renault but really actively seek new avenues for engines and hope they can rekindle talks with VW Group.
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Post by pob on Sun 11 Oct 2015, 8:14 pm

The offer of year old engines is just politicking, it wouldn't be allowed anyway. Manor were only given exemption because of money issues.
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Post by dyrewolfe on Fri 06 Nov 2015, 1:11 pm

Well it has at least been confirmed that RB will be using Renault engines next season - upgraded in their own factory. Christian Horner also confirmed they will be sticking with Ricciardo and Kvyat.

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