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Renault's ‘long-term' F1 future looking more secure
Renault F1's managing director Cyril Abiteboul says the team's 'long-term' future is looking more secure after changes to the Renault board. Since the arrest of former Renault-Nissan alliance boss Carlos Ghosn last year Renault have been undergoing a major review of their operations – their place in Formula 1 was part of it. Renault have this week announced company wide losses for the first time in a decade, and their will be cost-cutting measures put in place as a result. Interim CEO Clotilde Delbos has been running things but now Luca de Meo's arrival as CEO has been confirmed for later this year, and despite the cost-cutting to come, Abiteboul believes this stability makes...
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6y ago from PlanetF1.com
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