Tag: porsche

Porsche is interested in purchasing a fifty percent stake in Red Bull’s Formula One team.
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Porsche is interested in purchasing a fifty percent stake in Red Bull’s Formula One team.

With the purchase of a large part in Red Bull's Formula One business, Porsche has at long last made public its intention to compete in Formula One. After years of speculating and spreading rumors, the news has finally been confirmed. A paper has disclosed the specifics of Porsche's ambitious plan, even though the agreement has not yet been formally signed. In question is a document that was produced and made public to comply with antitrust regulations. This document was published by the Conseil de la Concurrence, which is an authority in Morocco that governs competition in motorsports. That's right, what this demonstrates is that the bureaucracy is, for once, working for our benefit. According to the Conseil, Porsche made the initial public disclosure of the potential purchase on...