Porsche has made it known that it is mulling over the idea of joining Formula 1 as an engine supplier for the 2021 season. The news was reported by Autosport where it mentioned that changes to engine regulations for that time, will allow the automaker to step in.

The article also reported that, Lutz Meschke, deputy chairman of Porsche’s executive board and member of the board for finances and IT, met with a number of key people in the Formula 1 fraternity.

His meeting was with Ross Brawn and a number F1 boses at the Italian Grand Prix to help gauge the feasibility of getting involved this late in the game. Porsche has not been directly involved in F1 since the early 1990s but has played a smaller roll in the sport.

This decision to participate was probably due to the F1 governing body moving to simpler and more affordable engines for the start of the 2021 season. Cost is a serious concern for less established teams, which means the new ruling could be beneficial to all.

The Stuttgart based automaker will be pulling out of the LMP1 class of the World Endurance Championship at the end of 2017 citing poor return on investment. It will however, have a works team in Formula E for the 2019/2020 season.

At the moment, Porsche has no plans to field a works team in F1, rather it will be content with supplying engines to teams who are looking for a business partner that will allow them to remain competitive.

Teams like Williams and Red Bull are considered potential customers for Porsche but nothing has been set in stone as yet. Though this may seem like exciting news, the automaker hasn’t given a definite answer of its involvement in the sport.

Source: Autosport