Red Bull with Formula One until 2012

After Ferrari, Red Bull Racingteam is the second team thatsigns up to Formula One after the current Concorde Agreement expires at the end of the 2007 season. The team announced on Monday afternoon they had signed up with Formula One Administration to stay in F1 from 2008 until 2012.

"Red Bull Racing confidms that it has reached an understanding
with FOA to prolong the current Concorde Agreement from 2008
until 2012," said the team

Red Bull Racing will use Ferrari-engines next year and kept aside in the Indianapolis tire rift where all but Red Bull Racing released several joint press releases. It is obvious that the engine deal has inspired the team to join Ferrari in F1 while all other top teams are currently pointing their noses towards the GPWC.