Porsche has abandoned plans to enter Formula 1 with Red Bull Racing in 2026, the company has announced.
Porsche and Red Bull have been in discussions for several months and plans were drawn up for the German corporation to take a stake in the company.
However discussions cooled in recent weeks with Red Bull not keen to give up a major share of its team.
On Friday, ahead of the Italian Grand Prix, a statement from Porsche outlined that the proposed alignment will not go ahead.
“In the course of the last few months, Dr. Ing. h.c. F. Porsche AG and Red Bull GmbH have held talks on the possibility of Porsche’s entry into Formula 1,” read a statement.
“The two companies have now jointly come to the conclusion that these talks will no longer be continued.
“The premise was always that a partnership would be based on an equal footing, which would include not only an engine partnership but also the team. This could not be achieved.
“With the finalised rule changes, the racing series nevertheless remains an attractive environment for Porsche, which will continue to be monitored.”
Porsche’s sister company, Audi, announced two weeks ago that it will enter Formula 1 as a power unit supplier from 2026, ahead of an anticipated buyout of Sauber Motorsport.