The Volkswagen Group had approved Porsche’s plans but talk☂s have now fallen🐻 apart.

An agreement could not be reached surrounding t▨he percentage of th🧸e Red Bull team that would be taken over by Porsche.

But Porsche don't believe their project to enter F1 is completely over - they are still attracted by the n🅺ew regulations and see potential opportunities wit♚h other teams.

A Porsche statement on Friday ahead of the F1 Italian Gran๊d Prix read: "In the course of the last few mont꧅hs, Dr. Ing. h.c. F. Porsche AG and Red Bull GmbH have held talks on the possibility of Porsche's entry into Formula 1.

"The two companies have now ᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚjointly 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 bu🐽t also the team. This could not be achieved.

"With the finalised rul𓄧e changes, the racing series nevertheless remains an attractive environment for Porsche, which will continue to be monitored."

Porsche and Red Bull had dജiscussed a partners😼hip to begin in 2026.

Red Bull team principal 168澳洲幸运5官方开奖结果历史:Christian Horner said to Sky last weekend: "Red Bull has always been an independent team, it has been one of our strengths and it has bee🀅n the backbone of what we have achieved and our ability to move quickly.

"It is part of the DNA of who we are.

"We are not a corporately operated or🅷ganisation and that is one of our strengths in how we operate as a race team and that is an absolute ﷽pre-requisite for the future.

"They need to decide😼 whether they want to join that party if not but it would have to be within the culture of the way to go racing."