Date: 28th February 2011 at 10:04am
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In a move that saves Red Bull Racing £6.8 million a year, their engines for the 2011 F1 season will re-branded as Infiniti.

Mechanically there is absolutely no difference to the engines that they were already using, simply put the Renault badge will be pealed off and an Infiniti logo stuck in its place.

Infiniti come under the Nissan umbrella who are part-owned by Renault, the move hopes to boost the brands global profile.

Red Bull will now receive the engines for free, saving them £6.8 million, however it isn’t clear if the team will get further financial support from the deal.

Red Bull were the only top team in Formula One who had to pay for their engines, with the savings, Red Bull will now have more resources to call upon when making developments on the car.

The news comes from the BBC but officially the deal is expected to be announced tomorrow at the Geneva Motor Show.