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.
Arsenal transfer news: Atletico Madrid closing in on Santi Cazorla - reports
Arsenal transfer news: Arsene Wenger set to cancel moves for Sami Khedira and Morgan Schneiderlin in favour of Jack Wilshere - reports
Arturo Vidal: Manchester United bid £39m for Juventus midfielder
Chelsea transfer news: Jose Mourinho wants both Thibaut Courtois and Petr Cech to stay at Stamford Bridge
Malaysian cyclist could face disciplinary action after 'Save Gaza' gloves protest
- 1 Malaysian cyclist could face disciplinary action after 'Save Gaza' gloves protest
- 2 Is Gideon Levy the most hated man in Israel or just the most heroic?
- 3 McDonald’s removes chicken nuggets from the menu in Hong Kong amid major food scare
- 4 Students offered grants if they tweet pro-Israeli propaganda
- 5 Satellite full of sexually experimental geckos adrift in space, Russia loses control of mission
Malaysia Airlines MH17 crash: Vladimir Putin is given 'one last chance' to end hostilities in Ukraine
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
The truth about conspiracy theories is that some require considering
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia