Infiniti Red Bull Racing

French automotive manufacturer Renault has today (Friday) said an announcement regarding its long-mooted takeover of Formula One team Lotus is expected to be made next week, as Red Bull Racing confirmed it has an engine deal in place that will allow it to compete in the motor racing championship next season.

German automotive company Audi has moved to end speculation regarding a possible entry into Formula One by stating it has no plans to broaden its motor racing portfolio.

German automaker Audi is open to entering Formula One amid growing speculation that it could partner Red Bull Racing as the team’s engine supplier.