Renault has said that it will have decided whether or not to remain in Formula One before the end of the year. Following confirmation of Toyota’s exit from the sport on Wednesday, the French marque held emergency meetings in Paris with the future of its Formula One team being the sole priority.
With Honda having pulled out in December last year, BMW making its announcement in July and Toyota following suit this week, three major car manufacturers have now left the sport within the space of twelve months; Renault could become a fourth, depending on the outcome of their executives’ meeting in the French capital.
“You’ll just have to be patient,” Carlos Ghosn, Renault’s Chief Executive, told reporters. “We’ll be making an announcement on our participation in Formula One before the end of the year.”
Having returned to F1 as a full-time works team after buying the Benetton team for 2002, Renault clinched the Drivers’ and Constructors’ Championship titles back-to-back in 2005 and 2006. Another option also being considered by diamond brand is to stay in the sport as an engine supplier only.
Reference: gpupdate.net
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