![]() Renault said that the final details of its takeover of Lotus were intended to be completed in the 'shortest timeframe possible' – with the principal contracts having been signed on Thursday.Ī statement issued by Renault made it clear that the final decision to commit to F1 came about because of its belief that motor sport was good for the company's image. Our ambition is to win - even if it will take some time.” "The final details supplied by F1’s main stakeholders gave us the confidence to accept this new challenge. After a detailed study, I have decided that Renault will be in Formula 1, starting 2016. Renault chairman Carlos Ghosn said: “Renault had two options: to come back at 100 percent or leave. The French car manufacturer has been evaluating its plans in F1 since the start of the campaign, and has spent the last few weeks trying to finalise its takeover of the Lotus outfit.Īnd, despite concerns last weekend in Abu Dhabi that the deal could be falling apart, Renault announced on Thursday night that the deal was done. Renault has ended months of speculation about its Formula 1 future by confirming it will be taking over the Lotus team to resurrect a works outfit in 2016. Account icon An icon in the shape of a person's head and shoulders.
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