Official: Renault to stay in Formula 1

Article by Christian A., on August 29, 2010

Everyone can heave a sigh of relief now as Renault has chosen to maintain its commitment to Formula One. Renault is open to the idea of a strategic partnership with Genii Capital, a Luxemburg based firm specialized in new technologies, brand management and motor sport.

Following the proposed sale of a large stake of Renault F1 Team to Genii, both partners have said that they will operate the team together soon after the sale of a large stake of Renault F1 team. The letter of intent signed by the two companies should be concluded in early 2010.

When 2010 comes, the team will retain its name, its identity and the core ingredients that led to the successes achieved in 2005 and 2006.

Its sister company, Viry-Chatillon, will continue to be supplied with engines by its sister company, in which it is ecstatic to have received a renewed commitment from Red Bull Racing for the 2010 season.

After Renault had participated in the sport for 35 years and it had also announced a new phase for its F1 program, consistent with Formula One's drive for cost efficiencies.

Formula One is difficult to ignore as it remains one of the biggest sporting spectacles in terms of annual television audiences and media exposure.

Topics: renault, formula 1

If you liked the article, share on:

Comments

Recommended

Volkswagen had been reluctant to offer info about its new race car but it seems to have gotten over some of its shyness as it published the first batch of...
by - October 20, 2017
After four decades of being an expert in the motorsport industry, Audi will be the first German automaker to compete in Formula E. This will be done to test the...
by - September 29, 2017
The 2017 Chevrolet Colorado ZR2 made its competition debut at Best in the Desert’s “Vegas to Reno” challenge on weekend. Hall Racing competes in the 550-mile racing on board the...
by - August 24, 2017
Earlier in August, Acura gave us teasers of the ARX-05 Daytona Prototype race car. And last Thursday night in Monterey, they have decided to finally reveal it to the public. ...
by - August 20, 2017
Chevrolet has been pretty lucky in races they have participated in. From the Chevrolet SS, the Impala, to the Camaro. Recently, the company introduced the Camaro ZL1, which will be...
by - August 14, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries