"In addition, more than 100 Aston Martin staff will service the new Advanced Performance Centre on our campus here in Milton Keynes and it will allow us to collaborate further with Aston Martin on special, equally innovative, new projects".
Aston Martin President and CEO, Andy Palmer, said: "Title partnership is the next logical step for our Innovation Partnership with Red Bull Racing".
When Infiniti left Red Bull for their natural home at Renault, Red Bull looked to fill that automotive gap with a new brand, and did that on a small scale with Aston Martin.
Red Bull chief Christian Horner told Sky Sports F1 at Singapore that only one of the sport's four current power providers could be the team's engine suppliers in 2019 and 2020. As well as being the hub for engineering personnel working on forthcoming models, the centre will also house the firm's second dedicated design centre (giving Adrian Newey far less distance to walk).
Red Bull drivers Daniel Ricciardo and Max Verstappen also drove Aston Martin cars as they towed caravans riotously around the Red Bull Ring in Austria earlier this year. The already-successful partnership has resulted in the Aston Martin Valkyrie hypercar, and the British automaker is promising more exciting products from the collaboration. The team will now be known as Aston Martin Red Bull Racing.
Aston Martin has announced it will be the title and innovation partner of Red Bull Racing next year, which means the Formula 1 team will compete as "Aston Martin Red Bull Racing".
Red Bull will continue to be powered by Renault engines in 2018.
Yes, Third Base is an Aston engine, but the new power unit regulations for F1 are not yet set, and this deal could be seen as a clear sign to F1 bosses that they need to get that right if they really want more auto brands on the grid. By 2021, that could mean supplying the team's engines. The go ahead for a power unit supply deal is largely dependent on the FIA being able to reduce costs.
Its a big win for Formula 1 to have a brand like Aston Martin join the category (even if just as a technical partnership for now) as the up and coming Formula E has been steeling a lot of the attention lately.
"The power unit discussions [in F1] are of interest to us, but only if the circumstances are right".