Renault set timetable for F1 future
Thursday 05 November 2009
French carmaker Renault will decide by the end of the year whether to stay in Formula One after a race-fixing scandal that has badly damaged the team's reputation.
"You will have to be patient," Renault Chief Executive Carlos Ghosn told reporters today."We will make an announcement on our participation in Formula 1before the end of the year."
Renault ended the 2009 season racing under a suspended permanent ban for its involvement in a race-fixing controversy which resulted in its former principal Flavio Briatore being barred for life.
The team won the 2005 and 2006 championships with Fernando Alonso but the Spaniard has now left for rivals Ferrari. Title sponsor ING has also departed, leaving a big hole in the budget.
Renault told F1's governing body in September that it wanted to stay in the sport after the team was found to have ordered driver Nelson Piquet to crash deliberately at last year's Singapore Grand Prix to help Alonso to win the race.
But the high costs and recent negative publicity might persuade the firm to join the growing exodus from the sport.
Toyota announced on Wednesday that it was quitting F1, less than a year after Japanese rivals Honda pulled out and only days since BMW said farewell in the season-ending Abu Dhabi race.
Sole tyre supplier Bridgestone has also said it will leave at the end of 2010.
Toyota's pullout meant Renault was one of only three manufacturers left in F1, alongside Ferrari and Mercedes.
Renault have signed Poland's Robert Kubica as one of their 2010 drivers but paddock gossip even before last weekend's season-ending Abu Dhabi Grand Prix suggested the manufacturer was considering selling all or part of the team.
The carmaker also supplies engines to Red Bull, runners-up to Brawn GP and winners of six races this year.
Floyd Mayweather vs Manny Pacquiao: The biggest fight of all time, or maybe just the most lucrative?
What time does Floyd Mayweather vs Manny Pacquiao start?
Floyd Mayweather vs Manny Pacquiao: What time does it start and where can I watch it?
Chelsea transfer news: 'Eden Hazard will cost Real Madrid £100m - and a Galactico,' says Jose Mourinho
Sir Alex Ferguson reveals who he thinks is better between Cristiano Ronaldo and Lionel Messi
- 1 Student jailed for hacking University of Birmingham computers to improve his grades
- 2 Smartphones are making children borderline autistic, says psychiatrist
- 3 Company breaks open Apple Watch to discover what it says is 'planned obsolescence'
- 5 The most powerful passports in the world
The sickening truth about food banks that the Tories don't want you to know
Migrant boat disaster: Ukip candidate mocks victims in sickening Twitter post
Nigel Farage wants the BBC to stop making programmes like Doctor Who, Strictly Come Dancing, and Top Gear
Global warming: Scientists say temperatures could rise by 6C by 2100 and call for action ahead of UN meeting in Paris
General Election 2015: Britain would become a 'communist dictatorship' under Ed Miliband and Nicola Sturgeon, claims wife of Michael Gove
Rupert Murdoch berated Sun journalists for not doing enough to attack Ed Miliband and stop him winning the general election