
Porsche cancels plans to enter F1
German luxury car maker Porsche canceled plans to enter F1 in the 2026 season after Austrian energy drink maker Red Bull was unwilling to sell its half stake in the Formula 1 team. The deal with Red Bull included the sale of a 50% stake in the team, including the division for the production of power units, and unofficially, the boss of the team, Christian Horner, should also be replaced at Porsche.