Red Bull announce 'milestone' move into hypercar market / Photo: © AFP
-
India seeks threefold increase in coal stocks to prevent summer power shortages
-
Indian companies report mixed second-quarter results on November 4
-
Adobe PDF Spaces Introduces Shared AI Conversations for Document Collaboration
-
Indus Towers expands solar-powered network to 50,000 telecom sites
-
KKR secures Indian regulator approval for Gentari Renewables investment
-
Equitas Small Finance Bank rebounds after naming interim chief executive
-
Bharti Airtel revenue expected to grow at double-digit pace in second quarter
-
Titan quarterly profit seen rising as jewellery business drives growth
-
Italy Claims Curling Silver at European Championships in Ostrava
-
Indian crude-sensitive shares gain after 13% oil-price decline
-
Kuwait finance minister holds economic cooperation talks at COMCEC
-
Stocks and dollar fall as Democratic election gains reshape markets
-
Abdul El-Sayed declares victory in Michigan Senate contest
-
Kuwait marks key events and anniversaries from national history
-
Democrats capture US Congress in sweeping midterm victory
-
Trump congratulates Democrats and signals willingness to cooperate
-
Manchester United rallies past Roma as PSG dominates in Champions League
-
Qatar prime minister advances mediation through diplomatic calls
-
Qatar sees tentative opening for renewed regional diplomacy
-
Greenland parliament approves security agreement with United States
-
Qatar Tourism joins Pacific Asia Travel Association at London travel market
-
Qatar envoy meets incoming UN General Assembly president
-
Abdul El-Sayed Wins Michigan Senate Seat in Historic Election
-
Trump Signals Willingness to Work With Democrats After Midterm Defeat
-
Qatar media bodies discuss support for humanitarian initiatives
-
Pitches and Keynote Speakers Are Confirmed for Blue Magic Netherlands on November 17
Red Bull announce 'milestone' move into hypercar market
Red Bull announced on Tuesday its first foray into the exclusive world of the hypercar with a limited production run of 50 starting in 2025.
The RB17 road car will carry a price tag of £5 million (5.79 million euros), before tax, a statement reported, with the project overseen by Andrew Newey, the Chief Technical Officer who designed Red Bull's four Formula One world championship winning cars.
Production on the two-seater hybrid V8 engine producing over 1100bhp will be at Red Bull's Milton Keynes site.
Red Bull team principal Christian Horner said the RB17 "marks an important milestone in the evolution" of their Advanced Technologies arm which for the first time is producing a car with the energy drinks giant's logo on the bonnet.
Newey said the RB17 "distills everything we know about creating championship-winning Formula 1 cars into a package that delivers extreme levels of performance in a two-seat track car".
He added: "Driven by our passion for performance at every level, the RB17 pushes design and technical boundaries far beyond what has been previously available to enthusiasts and collectors."
Red Bull are joining a club which was valued at USD 13.7 billion in 2019 and which counts among its members pitlane rivals Ferrari, McLaren, and Aston Martin, whose Valkyrie supercar was designed by Newey.
Hypercars are a rare breed, with only around a dozen marques, their natural habitat the wealthier corners of the earth with Europe's place as the leading sales region due to be challenged by Asia Pacific according to industry forecasts.
L.Dubois--BTB
