Christian Horner insists no decision about Red Bull Racing's immediate future plans have been made despite paddock rumours that it has served a notice of termination with Renault for its engine supply.
Meanwhile Horner, however, dismissed the notion of the contract termination claiming it was 'speculation', even if he refused to deny it outright.
“It depends on Renault. We have got an agreement with Renault until the end of 2016 and anything other than that is purely speculation.
“[The termination of contract story is] complete speculation. It's speculative. We've got a contract with Renault with Red Bull Racing and the contents of that contract, I'm not going to disclose publicaly. There are obligations on both parties and I'm not going to comment paddock gossip.”
Horner says that Red Bull is waiting on Renault to determine its future – which could yet see it leave the sport altogether – before it can forge its own plan going forward.
“I think the bigger danger is if we don't manage to address out current situation, the damage will be significant. We've heard Dietrich comments earlier in the year, it's important not to take that too lightly. We have to address the competitiveness of the team moving forward.
“Our priority is obviously on the second half of this year, we want to hear what Renault's plans are for the future and what that entails, whether that's as an engine supplier or a team owner, they've got to have a competitive engine unless they decide to stop and once we understand that then we can make a plan.”
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