Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

No short-term fixes for Red Bull, says Horner

Published 04/23/2015, 08:35 AM
Updated 04/23/2015, 09:12 AM
© Reuters. Red Bull Formula One team principal Christian Horner looks on at the team paddock before the first practice session of the Bahrain F1 Grand Prix at the Bahrain International Circuit (BIC) in Sakhir

LONDON (Reuters) - Staying with Renault represents Red Bull's best hope of Formula One success but there will be no short-term fixes for the team's current woes, according to principal Christian Horner.

The former world champions have been plagued with reliability problems this season and are 136 points adrift of leaders Mercedes after just four of 19 races.

"We are not remotely in the position that we expected to be -- or wanted to be. Some of our problems are beyond our control and all we can do is offer our support where possible," Horner told the official formula1.com website.

"For sure we need to improve the car. But we have compromised the set-up a lot to address other issues that we have. So you end up in a vicious circle."

Red Bull won four successive drivers' and constructors' titles with Renault engines from 2010 to 2013 but have been off the pace since the introduction last year of a new V6 turbo hybrid power unit.

The two partners have expressed their frustration increasingly, with both raising the possibility of walking away from the sport.

"We have a contract with Renault for 2015 and 2016 and it is in Renault's interest as much as in ours to sort the current issues out as quickly as possible," said Horner in the interview.

"In reality our best chance is with Renault -- and vice versa. We have won 50 Grands Prix and eight world championships together so sometimes frustration boils over."

Australian Daniel Ricciardo is already on his fourth engine for the season out of an allocation of four, although teams are set to agree an increase to five, making grid penalties inevitable.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Horner said the allowance would need to extend to seven, eight or nine engines for Red Bull to avoid a penalty and again called for engine development to be opened up even if that proved more expensive.

He defended both Ricciardo and Russian newcomer Daniil Kvyat, whom he said had yet to have a fair run for the team, but painted a gloomy picture for the rest of the year.

"To be realistic: our problems are not short term so there will not be any short-term fixes. We have to take a bit of a pain at the moment," he said. "And if that is the foundation for a better future then you've got to take the pain."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.