It was confirmed on Friday (4/12/15), that Red Bull Racing will run a TAG-branded Renault power units for the 2016 season, after striking a naming rights deal with Swiss watch manufacturer TAG Heuer.
Red Bull publicly fell out with Renault in 2015, with Red Bull leaving Renault at the end of the season, due to poor reliability and underpowered Renault power units which concluded with a fourth place constructor finish this season for Red Bull.
The team had held exploratory talks with the Volkswagen Group about entering the sport as an engine supplier for the start of the 2018 F1 Season, but that negotiations came to a halt following the emissions scandal that broke in mid September. While, plans to obtain power units from Mercedes, Honda, and Ferrari fell through as-well.
Therefore, Red Bull had no choice but to stay put with Renault for 2016, but under TAG Heuer branding instead of the Reanult name. Red Bull's Team principal Christian Horner named Renault's partnership with Mario Illien and his company Ilmor as a reason for staying with the manufacturer for 2016.
In my opinion, this is no major surprise that the news has happen. Red Bull couldn't get a power unit deal from Mercedes, Honda, and Ferrari due to how comparative Red Bull chassis are. There was no option but to stay with Renault, this time paying for the power units with rumours they're paying Renault €30 Million for them next season. After Renault bought the Lotus F1 Team on Thursday and will return to Formula 1 in 2016 as a full-time works team for the first time since 2010.
End of blog for now, new post soon. Bye.
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