Ferrari F1 team happy to give Red Bull engines if it drops Renault

Red Bull has been critical of current supplier Renault, with the four-time world champion team launching another attack on the French manufacturer for poor performance at this weekend's Austrian Grand Prix.

The Red Bull-Renault deal runs to the end of 2016, with both parties saying they are considering their futures in F1.

Marchionne, whose Ferrari team currently supplies Sauber and Manor with engines, said: "I have a lot of respect for Red Bull.

"I think they've done a lot for the sport, they've had the world championship for a number of years.

"I think they will find their way again and if we can help them get there, we'd be more than glad to do it.

"It's in our DNA, we've done it before. I think we can provide engines to any of the teams that want to race."

He added he had no concerns about supplying a potentially very strong rival with an equal engine.

"As long as we keep control over the aerodynamic work on the car, I think there's going to be enough distinguishing traits between us and the competition," said Marchionne.

"We are more than glad to try and provide a level playing field now that the engine is there."

A series of failures with the Renault power unit meant Red Bull pair Daniel Ricciardo and Daniil Kvyat both took penalties in Austria after exceeding their allowance of four engines for the first time this season. They finished 10th and 12th in the race.