The car proved to be reasonably competitive, but not enough to escape from the large midfield group. Salo scored six points, but could not resist an offer from the fledgling Toyota team and left after the season finished, whilst Diniz failed to score any points and was dropped at the end of the year. The team finished eighth in the Constructors' Championship – same position as in 1999, but with more points.
The team experienced one of the worst races of its F1 career at the Brazilian Grand Prix, when both cars were withdrawn from the race after repeated rear wing failures caused by the bumpy track surface.
Sponsorship and livery
The car retained the same blue and cyan livery from the previous two seasons. This was the last time the Red Bull logos were present on the airbox and nosecone along with a few retained sponsors. Parmalat sponsorship would be terminated from the team, prior to Diniz' departure.