Are the red panda and giant panda related??

Not really but it is still debated. The most recent molecular-systematic DNA research places the Red Panda into its own independent family Ailuridae. Ailuridae are part of a trichotomy within the broad superfamily Musteloidea (Flynn et al. 2001) that includes the Mephitidae (skunks), Procyonidae (raccoons), and Mustelidae (weasel, mink, wolverine, badger); but it is not a bear (Ursidae) as is the Giant Panda.[ Just Google the term red panda and giant panda and you'll get more info than you want.

Good stuff thank you so much!