Red Bull reveals Ferrari deal for 2006-07.

Red Bull Racing has revealed that it will swap its Cosworth powerplants for Ferrari units when the Formula One world championship switches to V8 power next season.

The team, which replaced Jaguar on the F1 grid this season, has agreed a two-year initial deal with the Scuderia, and will start its partnership when the category ditches its current three-litre V10s in favour of the all-new 2.4-litre V8 formula in 2006.

"Ferrari is synonymous with success in Formula One, and we are extremely proud and privileged that Red Bull Racing will be powered by Ferrari engines from 2006 onwards," sporting director Christian Horner commented, "This is an enormous boost for the team, and underlines our commitment to compete at the forefront of Formula One."

Red Bull's David Coulthard is one of only two drivers to have scored at each of the first three races in 2005, along with Fernando Alonso, and currently heads world champion Michael Schumacher in the standings. Red Bull inherited a deal with Cosworth from Jaguar, once the engine company had been acquired by Champ Car owner Kevin Kalkhoven, but is currently using the same engines as Minardi, pending mid-season updates.

The all-new V8 formula should see the team start next season with engine parity with Ferrari, something which the Sauber team only enjoyed at the start of this year's two-race requirement.

"We are pleased to have reached this agreement with Red Bull Racing to supply them with our F1 engines," said Ferrari MD Jean Todt, "The determination, motivation and enthusiasm of the people there were key factors in us taking this decision. This collaboration fits in with the fact that, since 1991, with a break from 1993 to 1996, Ferrari has supplied its F1 engines to other teams."

The Red Bull was a notable addition to the, short, list of teams attending last week's meeting with FIA president Max Mosley, along with Ferrari and Jordan.