Porsche is considering to re-establish its ties with F-1 after a three-decade hiatus. The Volkswagen-owned luxury carmaker is likely to return to Formula 1 circuit as an engine supplier once new regulations are in place in 2021.
Porche is also set to join Formula E electric championship in 2019. The company is leaving the top category of Le Mans 24 Hours of World Endurance Racing to ensure its availability at the Forumla E event.
Company representatives have attended meetings about the 2021 regulations, which are expected to lead to cheaper and simpler power units than the sport’s current V6 1.6 litre turbo hybrid. Porsche finance chief and executive board member Lutz Meschke has reportedly hinted at company’s return to F-1.
Porsche has last been an F-1 engine provider way back in 1991.
“F1 could be one of the right places,” Meschke was quoted as saying by the motorsport.com after meeting Formula One management at the Italian Grand Prix at the weekend. “As you know Formula E is very important for us now, and F1 is always a good topic to think about. And I think we are in quite good discussions regarding the new engine.”
However, Porsche has no plans to enter F-1 as a team, Meschke had confirmed while adding that the discussions were only “around being a supplier”.
Mercedes, Ferrari and Renault each are currently supplying engines to three teams. Honda is the engine provider for McLaren, but the relationship is reported to be be over this season.
” We have to cut costs in F1, and it’s a good way to reach this target,” Meschke has said in response to a specific question whether the current plans for a twin-turbo V6 with less technology could attract Porsche to F1.