Aston Martin and F1 team Red Bull Racing have announced a partnership to develop a new Aston Martin hypercar.

Codenamed Project ‘AM-RB 001’, Red Bull Racing’s Chief Technical Officer Adrian Newey is key to the agreement following years of speculation as to when the widely regarded most successful Formula One designer of all time may help design a road car.

The new hypercar is described as ‘ground-breaking’ and will represent the ‘ultimate blend of cutting edge F1 technology with Aston Martin’s sports car design’. The new partnership unites some of the world’s best ‘aerodynamicists, composite experts and manufacturing masters’.

Aston Martin CEO Dr Andy Palmer said: “Formula One offers the ultimate global stage to build wider awareness of the Aston Martin brand. However, this partnership will deliver even more than that when the hypercar that Aston Martin and Adrian Newey are in the process of developing hits the road. These are exciting times for Aston Martin and arriving hot on the heels of our DB11 launch earlier this month, this new partnership underlines that our brand really is racing again.”

Red Bull Racing Team Principal Christian Horner said of the new partnership: “This is a very exciting project for everyone at Red Bull Racing. Through this Innovation Partnership the iconic Aston Martin logo will return to Grand Prix racing for the first time since 1960, and Red Bull Advanced Technologies, led by Adrian, will be harnessing our Formula One DNA to produce the ultimate of all road cars. It’s an incredible project which also realises a dream and vision long held by Adrian to design a road car. We are very much looking forward to what I’m certain will be a successful partnership.”

Aston Martin’s Chief Creative Officer, Marek Reichman said: “We are in the process of developing a hypercar that combines the latest in aerodynamics from F1 and the stunning design language of an Aston Martin sports car. The opportunity to collaborate with Adrian and Red Bull Advanced Technologies will be a fascinating experience for everyone involved. Unconstrained by F1 regulations, we have a unique chance to create a car in its most efficient form that will represent the ultimate fusion of art and technology.”

Having an illustrious Formula One career spanning nearly 30 years, and as the designer of ten World Championship winning Formula One cars, the partnership represents a new challenge for Red Bull Racing’s Adrian Newey.

“From the age of six I have had two goals in life – to be involved in the design of racing cars, and to be involved in the design of a super car.” Newey commented. “Whilst the former ambition went on to form my career to date, the latter has always bubbled away, resulting in countless sketches and doodles over the years. The opportunity to now develop and realise those ideas whilst working with Marek and his colleagues from Aston Martin is tremendously exciting. It allows us to translate the technology we have developed in F1 into a new arena.”

To celebrate the partnership, the RB12s F1 race cars will carry the Aston Martin wings logo throughout the 2016 season, making their debut at this weekend’s Australian Grand Prix at Albert Park in Melbourne.