Porsche says talks to enter Formula One with Red Bull have ended


Porsche on Friday said talks on a partnership with Red Bull to enter Formula One have failed. The German automaker said that it couldn’t realize a “partnership on equal footing” covering both the engine and the team. Porsche, a unit of Volkswagen VOW3, +0.59%, is due to be listed on the Frankfurt Stock Exchange at the end of the month or early October.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleNerdWallet: 3 reasons you should avoid borrowing against your home right now
Next article: Apple CEO Tim Cook won’t raise iPhone 14 prices. He must first deal with a fierce rival — and it’s not Samsung


Please enter your comment!
Please enter your name here