Monte Carlo, May 29 (IANS) Red Bull racing team on Sunday confirmed to continue their partnership with Renault Sport Racing for the supply of car engines for the 2017 and 2018 seasons. Sister team Toro Rosso, currently using Ferrari engines, will also be supplied with the Renault unit for 2017-18.
"We are delighted to extend our partnership which has proved very successful over time. After the reconstruction that Renault has undertaken, clear progress has been made which has made it logical to continue with the TAG Heuer badged engine," Christian Horner, Red Bull team's principal, said in a statement.
Jerome Stoll, president of Renault, added: "We are very pleased to partner with two such strong teams as Red Bull Racing and Scuderia Toro Rosso. Having competitive partners demonstrates the confidence both have in the improved Renault power unit and in our organisation as a whole."
Over the period both Red Bull and Toro Rosso will receive the French manufacturer's latest hybrid power unit.
Renault's partnership with Red Bull is set to become one of the longest and most successful chassis-engine partnerships in Formula One racing. The pair first teamed up in 2007 and have since won four constructors' and drivers' championships and 51 wins.
Toro Rosso and Renault previously partnered in 2014 and 2015.