Formula 1 News: Porsche abandons idea of entering F1

F1 CEO Stefano Domenicali’s fantasy of landing Porsche in F1 has just met stark reality. Porsche motorsport boss Thomas Laudenbach now says that the German company is no longer interested in joining the F1 grid.

The brand held discussions with Red Bull over a potential collaboration on its power unit project, though those fell apart when Porsche wanted control of the team. Christian Horner said no way and sent them packing and signed a deal with Ford instead.

Laudenbach, vice president Porsche Motorsport, has now confirmed that there are no plans for Porsche to hook up with a different team in F1.

“It is off the table,” he said.

“Right now, F1 is not a task for us, and we are not spending any energy on that.

“We are only focused on what we do right now, and if you look at it, we have many different activities.

“We are well-occupied and extremely happy with what we do.

“We are engaged in customer racing from track days, GT4, one-make series up to professional GT racing [in GT3],”  Laudenbach continued.

“On top of that we are racing in the two most important endurance racing series with our partner Penske,” he added, in reference to the marque’s interest in the World Endurance Championship and IMSA in the United States, with the 963LMDh

“The third part, since electrification of our brand is very important, is our engagement in Formula E, which is the only full-electric series on a high level.

“I think we are really well served.”