German car giant Volkswagen is close to agreeing a deal to take over the Red Bull Formula 1 team, says BBC F1 chief analyst Eddie Jordan.
The agreement would see VW buy the team and build its own engine, while Red Bull continues as a major sponsor.
Jordan says a VW engine would not enter F1 until 2018 and Red Bull would use Ferrari power in the interim.
The team will split with current engine partner Renault after this season, ending their contract a year early.
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