Ford Motor Co. on Friday is returning to Formula 1 after more than 20 years, and just weeks after crosstown rival General Motors Co. said it was joining forces with Andretti Global to launch a bid to compete in one of the world's most prestigious motor races.
Ford is partnering with Red Bull Powertrains to develop a next-gen hybrid power unit for the 2026 Formula 1 season, according to a news release. Red Bull Ford will provide the power units for the Oracle Red Bull Racing and Scuderia AlphaTauri teams starting in 2026 and continuing at least up to 2030.
Work on developing the new power unit is slated to begin this year, the companies said.