MAY 13, 2009
Renault to follow Ferrari
The French newspaper Le Figaro is reporting that Renault will soon come out in support of Ferrari, Toyota and the Red Bulls teams in saying that they will not enter the 2010 World Championship unless the FIA changes its regulations. They are not opposed to the budget cap, but object to the way it has been introduced and the two-tier system that the FIA wishes to create. Le Figaro says that Renault will announce the same decision today. It is believed that the other manufacturer teams will follow. They have agreed that budgets should come down to around $100m in the next two or three years. The FIA argues that this is not enough because there are no guarantees that the manufacturers will stay and unless the budget cap is lower there will be no new teams to replace them when they leave.