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
Miguel Oliveira: I did my best to stay in MotoGP but...
No description available...
14h ago from Motorsport.com
Jorge Lorenzo shares his ‘theory' on the cause...
Five-time MotoGP champion Jorge Lorenzo believes that multiple factors...
1d ago from MotorsportWeek.c...
How Aprilia believes it “overreached our target”...
No description available...
1d ago from Motorsport.com
Pedro Acosta brands 2025 MotoGP season a “wasted...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Aggressive testing schedule planned ahead of Mick...
Following confirmation Mick Schumacher will make a switch to IndyCar next...
3d ago from MotorsportWeek.c...
Mick Schumacher joins RLL in IndyCar switch
Rahal Letterman Lanigan Racing has announced that Mick Schumacher will...
4d ago from MotorsportWeek.c...
Mick Schumacher hails IndyCar racing as "the way...
No description available...
3d ago from Motorsport.com
Mick Schumacher makes IndyCar switch with RLL in 2026
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Elfyn Evans set for 'all or nothing' attack in WRC...
No description available...
5h ago from Motorsport.com
Sebastien Ogier leads the virtual title chase as...
Friday in Saudi Arabia was the toughest day of the season. The overnight...
7h ago from MotorsportWeek.c...
WRC Saudi Arabia: Martins Sesks leads after dramatic,...
No description available...
7h ago from Motorsport.com
WRC Saudi Arabia: Elfyn Evans suffers puncture as...
No description available...
13h ago from Motorsport.com
Popular On GunnersToday.com
‘His impact is huge’: Arteta hails Rice’s...
t;li>Head coach backs midfielder to improve furtherArsenal visit...
1h ago from TheGuardian.com
Mikel Arteta Chelsea-Arsenal press conference in full,...
Arsenal manager Mikel Arteta gave his pre-match press conference ahead of...
8h ago from CaughtOffside.com
Enzo Maresca full press conference as he answers...
Chelsea manager Enzo Maresca has spoken at a press conference ahead of...
10h ago from CaughtOffside.com
PL giants face competition from Manchester United and...
Manchester United and Arsenal have reportedly joined the race to sign...
10h ago from SportsKeeda.com
Comments
Hottest News
Ex-Formula 1 driver Adrian Sutil arrested in international...
Former Formula 1 driver Adrian Sutil was arrested... Read More »
2h ago from GrandPrix247.com
Max Verstappen hits out at 'idiot' F1 rival after Qatar GP...
Max Verstappen was furious with one of his F1... Read More »
3h ago from GPFans.com
F1 2025 Qatar Grand Prix – Sprint Qualifying Results
Oscar Piastri edged out George Russell to claim... Read More »
6h ago from MotorsportWeek.com
