Red Bull boss Dietrich Mateschitz has revealed that his F1 team will incorporate (engine supplier) Ferrari's name in its official title in 2006.

In late April, following much speculation, the Austrian team announced that it had signed a two-year deal with Ferrari, thereby signalling an end to the Italian manufacturer's long association with Swiss team, Sauber.

Talking to Motorsport Aktuell, Mateschitz said: "We decided (on the partnership with Ferrari) with a view to risk minimisation, performance of the engine and marketing value.

"Ferrari was the dream partner, and they wanted to have us as well," he added. "We will also have their name in the team name next year, Red Bull Ferrari."

There is much speculation as to whether the Milton Keynes based team will remain with Michelin or switch to Bridgestone, which supplies Ferrari.

"We aim for competitiveness. If you look at Bridgestone, at their ability to invest, their ambition, their resources - I firmly believe that they will be very competitive in 2006," said Mateschitz.

"Both companies would like to work with us," he continued. "Of course, the financial aspect plays a certain role, but it is not the number one priority. For 2005, we have a deal for Michelin tyres at cost price.

"There are certain aspects which speak in favour of Bridgestone," he added. There are pros and cons. Right now, the Japanese do not have many possibilities to test with a car on the limit. It is the Ferrari tyre so we might have some synergies.

"But we have to decide soon," he admitted, "since the constructors of the car need to know."