Formula 1 racing team Red Bull Racing has announced it will form a new in-house company dedicated to powertrains after reaching an agreement with Honda to continue using the Japanese automotive manufacturer’s power unit technology.
The announcement made today (Monday) comes after Honda in October said it would conclude its participation in F1 at the end of the 2021 season, leaving Red Bull and its sister AlphaTauri team searching for a new power unit supplier.
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