(WWJ) - Almost 20 years since Ford was last on the fast track, the Dearborn-based automaker announced its triumphant return to Formula 1 in partnership with Red Bull Racing on Friday.
Ford CEO Jim Farley, a longtime race car driver, broke the news alongside Stefano Domenicali, President and CEO of Formula 1, as Ford Performance shared a photo of the two on social media with the caption: "It's good to be back."
"Ford’s return to Formula 1 with Red Bull Racing is all about where we are going as a company – increasingly electric, software-defined, modern vehicles and experiences," Farley commented.
The company's enthusiasm at returning to the racetrack was echoed by Domenicali who called Ford's return "exciting."
"The news today that Ford is coming to Formula 1 from 2026 is great for the sport and we are excited to see them join the incredible automotive partners already in Formula 1," Domenicali added.
The Michigan automaker, who has a rich and storied history in racing, stated it will provide technical support to Red Bull Racing immediately and will become the team's engine provider -- as well as AlphaTauri's -- in three years when the new engine regulations are introduced.
“Our commitment to be Net Zero Carbon by 2030 and to introduce sustainable fuels in the F1 cars from 2026 is also an important reason for their decision to enter F1," Domenicali continued. "We believe that our sport provides the opportunity and reach unlike any other and we cannot wait for the Ford logo to be racing round F1’s iconic circuits from 2026.”
F1's future engine regulations are slated to feature increased electrical power and 100% sustainable fuels, which are aimed at improving safety and lowering costs for manufacturers.
Ford previously competed in F1 for 38 years. The automaker owned and operated the Jaguar F1 team, but left F1 in 2004 when Jaguar was sold and the team was purchased by Red Bull Racing.
At the time of their departure, Ford stated it could "no longer make a compelling business case for any of its brands to compete in Formula One."
Fast forward to 2023, where a rapidly growing F1 fan base in America and the future of sustainable racing lured Ford back into the fold.
Bill Ford, Executive Chairman, Ford Motor Company, called the company's return to racing "the start of a thrilling new chapter in Ford’s motorsports story that began when my great-grandfather [Henry Ford] won a race that helped launch our company."
"Ford, alongside world champions, Oracle Red Bull Racing, is returning to the pinnacle of the sport, bringing Ford’s long tradition of innovation, sustainability and electrification to one of the world’s most visible stages.”
Ford has retained its position as the third most successful engine manufacturer in F1 history with a total of 174 wins, the automaker stated, with only Ferrari and Mercedes boasting a better record.
The automaker has won 10 constructors’ championships and 13 drivers’ championships.