Porsche and Lamborghini rule out F1 entry in 2021

The long-rumoured deals for Porsche and Lamborghini to join F1 are finally put to bed after both iconic marques opting against a Formula One team under the new rules being introduced in 2021. The FIA had looked to make joining F1 a more appealing prospect but look to have failed in this instance.

With the new rules set to be introduced in 2021 with cheaper and simplified engines at the top of the list, the potential retention of the MGU-H system has put off many potential manufacturers from joining the sport and in this case it has been no exception.

Quoted by Auto Motor und Sport, Porsche's parent company VW said: "The time for an F1 entry is just wrong."

former Ferrari team principal turned Lamborghini CEO Stefano Domenicali also weighed in on the unappetising prospect of starting an F1 team with the sport in its current state.

"The investment needed just to participate, let alone win, is too high," he told Auto Bild.