BBC Sport reported that Ford asked bidders for a symbolic US$1 in return for a commitment to invest US$400 million in the team over three Grand Prix seasons.
The Jaguar Racing Formula One constructor and racing team was put up for sale in September 2004 when Ford decided it could "no longer make a compelling business case for any of its brands to compete in Formula One." Red Bull, an energy drinks company, agreed its purchase of Jaguar Racing on the final day of the sale, 15 November 2004. Red Bull's involvement in Formula One dates back to 1995, when it first sponsored the Sauber team. Honda left the sport officially after 2021, but is set to continue to supply complete engines from Japan to the team partly under Red Bull Powertrains branding until the end of 2025. The works Honda partnership culminated in 2021 following Red Bull driver Max Verstappen's World Drivers' Championship victory, with Verstappen also winning the championship in 2022. The team began using Honda engines in 2019. During this partnership, they won four successive Drivers' and Constructors' Championship titles from 2010 to 2013, becoming the first Austrian team to win the title. The team used engines supplied by Renault between 20 (from 2016 to 2018, the Renault engine was re-badged " TAG Heuer" following the breakdown in the relationship between Red Bull and Renault in 2015). Red Bull had Cosworth engines in 2005 and Ferrari engines in 2006. The Red Bull Racing team has been managed by Christian Horner since its formation in 2005. It is one of two Formula One teams owned by conglomerate Red Bull GmbH, the other being Scuderia AlphaTauri. Red Bull Racing, currently competing as Oracle Red Bull Racing and also known simply as Red Bull or RBR, is a Formula One racing team, racing under an Austrian licence and based in the United Kingdom. For other uses, see Red Bull Racing (disambiguation).Ĭosworth, Ferrari, Renault, TAG Heuer, Honda, RBPT For the former NASCAR team, see Red Bull Racing Team. This article is about the Formula One team.
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