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Volkswagen close to Red Bull F1 deal
German car giant Volkswagen is close to agreeing a deal to take over the Red Bull Formula 1 team, says BBC F1 chief analyst Eddie Jordan. The agreement would see VW buy the team and build its own engine, while Red Bull continues as a major sponsor. Jordan says a VW engine would not enter F1 until 2018 and Red Bull would use Ferrari power in the interim. The team will split with current engine partner Renault after this season, ending their contract a year early. It is not clear at this stage which of the VW Group's brands would be promoted in F1, although Audi is the favourite. The company also owns the Porsche, Lamborghini, Bugatti, Bentley, Seat and Skoda marques. Red Bull, the four-time...
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