Renault announces it is staying in F1

MAY 29, 2020

Renault announces it is staying in F1

Daniel Ricciardo, Japanese GP 2019
© The Cahier Archive

Renault is staying in Formula 1 for now.

Amid serious financial problems for the French carmaker, interim CEO Clotilde Delbos on Friday announced that she will save EUR 2 billion by slashing 15,000 jobs.

However, the Enstone and Viry-based works Formula 1 team will race on.

"We have said publicly and confirm that we remain committed to Formula 1," Delbos said.

"The announcement of new regulations on cost limitation is good for us, so we stayed."

(GMM)

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