Ferrari, in conjunction with Red Bull GmbH, announced today that they have reached a contractual agreement with Scuderia Toro Rosso to supply it with Formula One engines for a period of two years, starting from the 2007 season, with an option to extend this for one further championship year.

At the same time, the engine supply agreement with Red Bull Racing which was valid for next year has been terminated by mutual consent and they will switch to Renault power.

“We are pleased to be embarking on a new long-term relationship with Scuderia Toro Rosso,” commented Ferrari C.E.O. and Gestione Sportiva Managing Director, Jean Todt. “It will allow us to strengthen our ties with the world of Italian motor sport and also to work with a team run by Gerhard Berger, our former driver and friend of Ferrari.”