Red Bull and Renault in five year Formula One deal
Red Bull Racing have agreed a five-year contract extension with engine supplier Renault.
The deal ensures the continuation of a collaboration that began in 2007 and culminated last season with victory in both the Formula One drivers' and constructors' championships.
The new agreement will place special emphasis on collaboration over the 2014 engine regulation overhaul, which will see the current V8 units ditched in favour of fuel efficient 1.6-litre V6-turbo engines.
"Within the new agreement, a technical joint venture will be set up, in which Red Bull Technology and Renaultsport F1 will collaborate to develop innovative technical solutions for the V6-based power unit that will be introduced from 2014," a joint statement read.
"Red Bull Technology and Renaultsport F1 will contribute their respective know-how, experience and specialist personnel to the project to achieve a competitive and reliable power train to be used by Red Bull Racing and other customer teams."
Red Bull Racing team principal Christian Horner said of the new deal: "We're obviously thrilled to announce this significantly enhanced agreement.
"Renaultsport F1 has always been very straightforward to work with, which has been a contributing factor to the ongoing success of the Red Bull Racing-Renault partnership.
"Together we have so far achieved 22 wins, 32 pole positions, 1130.5 World Championship points and two World Championships.
"As the relationship moves forward, we intend to build on this."
The Red Bull Renault has been near unbeatable in the hands of reigning champion Sebastian Vettel this year, with the team's 2011 campaign comfortably on target to surpass their exploits of a year ago.
With six races remaining, Red Bull have already won eight grands prix - just one fewer than last season - while Vettel, who has claimed all of the team's wins in 2011, has already surpassed last year's points total and could secure back-to-back titles as soon as the next round in Singapore.