Car manufacturers Aston Martin have agreed a deal to be title sponsors of F1 team Red Bull from next season.

The team will officially compete as Aston Martin Red Bull Racing, with the car company having joined forces with Red Bull as an ‘innovation partner’ in 2016 to develop the Valkyrie hypercar.

Aston Martin and Red Bull have established an advanced performance centre at the latter’s UK base in Milton Keynes, creating 110 jobs, as they collaborate on F1 and road car technology.

“Our innovation partnership with Aston Martin has been a pioneering project from day one,” said Red Bull team principal Christian Horner.

“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.”

Big news for Red Bull
(Image: AFP/Getty)
Good news for Red Bull
(Image: Dan Istitene/Getty Images)

Red Bull will continue to be powered by Renault engines in 2018, however speculation continues to mount that the company will cease to be partners from the end of next season.

As such, the deepening ties between Red Bull and Aston Martin will increase speculation that the latter will also become Red Bull racing’s engine supplier in the not-too-distant future also.

“The power unit discussions in Formula 1 are of interest to us, but only if the circumstances are right,” Aston Martin CEO Andy Palmer said.

“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.”