Scuderia Toro Rosso, commonly known as Toro Rosso or by its abbreviation STR and currently competing as Red Bull Toro Rosso Honda, is an Italian Formula Oneracing team. It is one of two Formula One teams owned by Austrian beverage company Red Bull, the other being Red Bull Racing. Toro Rosso functions as a junior team to Red Bull Racing, with the aim of developing the skills of promising drivers for the senior team. The team made its racing debut in the 2006 season, moving to complete independence from its sister team in 2010.
Mateschitz subsequently struck a 50/50 joint-ownership deal with former Formula One driver Gerhard Berger before the start of the season. In late November 2008, Red Bull regained total ownership of Toro Rosso after buying back Berger's share of the team.
From 2007 to 2013, Toro Rosso used Ferrari V8 engines, taking over the contract that their senior team broke from at the end of 2006 to switch engine builders to Renault. For 2014, Toro Rosso switched to Renault engines as well, but in 2016 returned to using Ferrari power. However, they switched back to Renault in 2017 (albeit under 'Toro Rosso' branding), then in 2018 to Honda. The team principal is Franz Tost, formerly of BMW's motor sport division.
Minardi had competed in Formula One from 1985 to 2005. Despite having a large fan base, it had been one of the least competitive teams in the sport, never achieving a podium finish and only finishing as high as fourth in three races.
Minardi owner Paul Stoddart claimed to have had 41 approaches to buy the team, but preferred to sell it to someone who could 'take it further' than he could and who would maintain it in its traditional base in Italy. Included in the terms of the deal with Red Bull GmbH was the clause that the team must keep its headquarters in Faenza, Italy until at least the 2007 season.
Whilst Red Bull have abandoned the Minardi name in line with their own sponsorship and marketing plans, the use of the Italian language in the name is intended to hint at the team's Italian heritage. Red Bull changed the name of the team immediately after taking control of the team on 1 November 2005. It was initially reported as 'Squadra Toro Rosso' (team Red Bull) but then changed because squadra in Italian depicts a 'squad' like a football team, to 'Scuderia Toro Rosso'. Scuderia is Italian for a stable reserved for racing horses, and is also commonly applied to Italian motor racing teams, such as Ferrari.
Many Minardi fans were upset by the name change to Scuderia Toro Rosso and over 15,000 signed an online petition to keep the Minardi name, but were unsuccessful.