Red Bull to race as 'Aston Martin Red Bull' from 2018

Red Bull Racing has confirmed that British manufacturer Aston Martin will be its title partner from the 2018 Formula 1 season, with the team set to race under the name 'Aston Martin Red Bull'.

Red Bull and Aston Martin first linked up with an innovation partnership in 2016 that saw the two parties work together on developing the new Aston Martin Valkyrie hypercar, as well as significant cross-promotion.

Red Bull chief Christian Horner hinted over the Singapore Grand Prix weekend that an announcement regarding Aston Martin was imminent, with the team confirming on Monday it would be expanding its relationship with the manufacturer.

The team will race as Aston Martin Red Bull in 2018, as well as opening a new Advanced Performance Centre on the team’s campus in Milton Keynes to benefit both organisations.

"Our Innovation Partnership with Aston Martin has been a pioneering project from day one," Horner said.

"Having conceived and created the remarkably successful Aston Martin Valkyrie together in 2016, we extended our relationship this year and are now delighted to further strengthen the partnership and see the team competing as Aston Martin Red Bull Racing in 2018.

"In addition, more than 100 Aston Martin staff will service the new Advanced Performance Centre on our campus here in Milton Keynes and it will allow us to collaborate further with Aston Martin on special, equally innovative, new projects."

Aston Martin CEO Andy Palmer added: "Title partnership is the next logical step for our Innovation Partnership with Red Bull Racing. We are enjoying the global brand awareness that a revitalised Formula 1 provides.

"The power unit discussions are of interest to us, but only if the circumstances are right. We are not about to enter an engine war with no restrictions in cost or dynamometer hours but we believe that if the FIA can create the right environment we would be interested in getting involved."