Porsche remains undecided about its plans for a new “high-performance, high-efficiency” engine it is working on amid speculation it could enter Formula 1 in 2021.

Porsche announced a realignment of its motorsport interests last month, with its LMP1 programme set to close at the end of the year ahead of an entry to Formula E in 2019.

Porsche has been present at meetings with the FIA and a number of rival manufacturers to discuss the form the future F1 engine regulations will take, set to come into force in 2021.

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Executive board member Michael Steiner confirmed that Porsche is working on a new engine, but stressed no decision has been taken on what it will be used for at the moment.

“Like other manufacturers, we participate in discussions on the future Formula 1 powertrain at the invitation of the FIA,” Steiner said.

“At the moment, the team in Weissach is not working on an F1 engine, but it is working on a high-performance, high-efficiency engine, specifically at the design level.

“So far, we have not decided what we will do with this engine, or in other words whether we will use it in series production or in motorsport.

“If the LMP1 programme had continued, we would have worked on efficient high-performance engines, and we are now pushing ahead with this development.

“The development contract with the engineers will run for the next 18 months.

Asked directly if Porsche would enter F1 in 2021, Steiner said: “I am not working on that assumption, but there is no statement to be made about this.”

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Yes, please!

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