A prominent automotive executive has reaffirmed the company’s commitment to its Formula 1 team, dismissing speculation about a potential sale. The assurance comes amidst a significant strategic shift, as the company prepares to cease in-house engine production after the upcoming season.
In a recent interview, the CEO defended the decision to outsource engine supply, likely to a prominent German manufacturer, starting from 2026. This move marks the end of a nearly five-decade legacy of in-house engine development, which has powered several championship-winning teams.
The executive cited significant cost savings as a key driver behind this decision, with annual engine production expenditure totaling €200-250 million. In contrast, purchasing engines from another manufacturer would cost less than $20 million.
The company’s F1 team, based in central England, has historically operated independently, with its engine factory located in a separate country. This geographical disconnect has posed challenges, according to the CEO.
Rumors about a potential sale of the team have been quashed, with the CEO emphasizing the importance of F1 participation for the company’s brand credibility. The executive also pointed out that the team’s on-track performance, rather than engine supply, is the primary focus for fans and sponsors alike.
The company’s F1 project, which boasts high-profile investors from the worlds of entertainment and sports, had been struggling to make an impact, languishing in ninth place among 10 teams. However, with this new strategy in place, the CEO is confident that the team can regain its competitive edge and marketing appeal.
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