Dietrich Mateschitz: Red Bull co-owner & energy drink giant dies aged 78

Red Bull co-owner Dietrich Mateschitz, a major global business figure as a result of his energy drinks empire, has died aged 78. He used the fortune created by that to set up a Formula 1 team that has become one of the leading forces in the sport. His death is not thought to threaten the future of Red Bull or its sister team Alpha Tauri. Red Bull continued to produce competitive cars, but were held back by their Renault engines. After abandoning their engine partnership with Renault and joining forces with Honda in 2019, Red Bull became increasingly competitive, and in 2021 had their first absolutely competitive car since 2013. With the advent of new rules in 2022, Red Bull emerged as the dominant team, just as they eventually did in 2009, the first year of another major rule change.

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