BBC Sport analyst Eddie Jordan says he understands that Volkswagen is close to agreeing a deal to take over Red Bull. The deal would see Volkswagen by the team and build its own engine, while Red Bull continues as a major sponsor.
The team this week spilt with the engine partner Renault to switch to Ferrari. It is not clear which brand the company owns which owns Porsche, Lamborghini, Bugatti, Bentley, Seat and Skoda. But it is believed that Audi is the favourite brand.
This week the team spilt in a very public row with Renault ending in them parting ways. Which has been confirmed by Red Bull boss Dietrich Mateschitz saying the team has split from Renault was concluded “a few weeks ago”.
He said using a Ferrari engine in the meantime would be “a very acceptable solution for the next two or three years” but a contract with the Italian company was not finalised.
BBC Sport says they understand they agreed to buy out Red Bull last winter but the plan was vetoed by former VW Group chairman Ferdinand Piech. Piech was ousted in a power struggle in April.
Red Bull has denied all reports that they were talking to VW with Christian Horner telling BBC Sport in June: “There has been no dialogue with VW or Audi.