News Details
Report: Renault to announce annual cost cuts of 2 billion
Renault's Formula 1 programme could be in the firing-line with the French manufacturer set to make drastic cost cuts amidst its toughest period in recent memory. Even before the onset of the coronavirus, Renault announced in February its plan to reduce costs after posting its first annual loss in a decade. Now the financial woes seem to have deepened as on Wednesday they accepted a 5 billion loan from the French government, who own a 15% stake in the company. As per a report from Les Echos, these difficulties have caused the company to consider closing up-to four of its French factories over the next few years, and it is speculated that its Formula 1 team could also become a casualty....
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
Renault reportedly initiates talks with Bottas for 2021
A report from Germany is suggesting that Renault has touched base with...
5y ago from F1i.com
Renault boss appears unimpressed with Ricciardo...
Renault F1 boss Cyril Abiteboul offered an ambiguous comment in the...
5y ago from F1i.com
McLaren sign Ricciardo, Ferrari gets Sainz, Renault...
The music has stopped and the game of Formula 1 musical chairs has, once...
5y ago from TheParcFerme.com
Alonso to Renault rumors gaining momentum
Fernando Alonso is tipped for a return to Formula 1 with Renault...
5y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Ducati will continue racing its unbeatable 2024 engine...
No description available...
14h ago from Motorsport.com
Can Johann Zarco match factory Honda duo Joan Mir and...
No description available...
16h ago from Motorsport.com
Joan Mir: ‘Everyone cannot sleep’ because of 2027...
Joan Mir suggested that rumours about the 2027 MotoGP rider market are...
1d ago from MotorsportWeek.c...
Marco Bezzecchi satisfied with ‘smaller’...
Marco Bezzecchi admits the Aprilia bike has slightly improved “in all...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Romain Grosjean returns to IndyCar with full time seat...
Dale Coyne Racing has made public its plans for the 2026 IndyCar season,...
1d ago from MotorsportWeek.c...
Honda confirms early discussions for 2028 factory...
Honda, one of two engine manufacturers that supply IndyCar, has confirmed...
2d ago from MotorsportWeek.c...
Romain Grosjean returns to IndyCar, signs with Dale...
No description available...
1d ago from Motorsport.com
Mick Schumacher reveals what has surprised him the...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
WRC Sweden: Elfyn Evans heads Toyota 1-2-3-4 into...
No description available...
10h ago from Motorsport.com
Elfyn Evans in charge on Rally Sweden
Ice, sunshine and flat-out driving was the order of the day on Rally...
10h ago from MotorsportWeek.c...
WRC Sweden: Elfyn Evans reclaims lead as Oliver...
No description available...
17h ago from Motorsport.com
Popular On GunnersToday.com
Liverpool icon Didi Hamann claims he can see Arsenal...
Former Liverpool midfielder Dietmar Hamann believes Bayern Munich can stop...
16h ago from SportsKeeda.com
Sources: Liverpool 'frontrunners' for £95m-rated...
Liverpool are currently looking like the early frontrunners for a...
20h ago from CaughtOffside.com
“Ultimately, I didn’t like him” - Dirk Kuyt...
Former Liverpool forward Dirk Kuyt shared his thoughts on former Reds...
20h ago from SportsKeeda.com
Arsenal & Spurs given transfer update on...
Arsenal and Tottenham are reportedly among the potential transfer suitors...
22h ago from CaughtOffside.com
Comments
Hottest News
F1MATHS: What does the top speed disclose about Red Bull's...
The opening day of pre‑season testing in... Read More »
1h ago from F1Technical.net
F1MATHS: Mercedes beat Ferrari and McLaren during their...
Mercedes driver Andrea Kimi Antonelli not only... Read More »
4h ago from F1Technical.net
Oscar Piastri warns of 'recipe for disaster' over growing...
Oscar Piastri feels F1 could be set for a 'recipe... Read More »
13m ago from RacingNews365.com
