News Details
Renault will remain in F1 despite $2b cuts
Renault's interim CEO Clotilde Delbos has confirmed the company’s intention to remain in Formula 1 despite facing massive job cuts. Renault announced on Friday its plans to reduce fixed costs by more than 2 billion euros over the next three years. The transformation plan will see the company simplify processes, reduce the diversity of components within vehicles and adjust industrial capacities. Some 15,000 jobs are expected to be lost in the process. Renault said it will cut its global production from four million vehicles in 2019 to 3.3m by 2024. Closures could include a foundry in Brittany and a factory in northern France. 'In a context of uncertainty and complexity, this project is...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
McLaren suffers massive £173m quarterly revenue drop
The McLaren Group's revenues took a massive £175m hit in the first...
5y ago from F1i.com
Optimism remains over the British Grand Prix despite...
The government of the United Kingdom has implemented a 14-day quarantine...
5y ago from GPFans.com
F1 still seeking Silverstone resolution despite...
Formula 1 is still working toward a resolution with the UK Government...
5y ago from Racer.com
Hope for British GPs despite quarantine scheme
There is hope that major sporting fixtures including the British Grand...
5y ago from BBC.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Joan Mir fears early silly season could leave MotoGP...
No description available...
18h ago from Motorsport.com
Francesco Bagnaia rediscovers his ‘feeling' on...
Francesco Bagania has admitted he's rediscovered his feeling with the...
1d ago from MotorsportWeek.c...
Ducati: Resurgent Francesco Bagnaia back to his...
No description available...
1d ago from Motorsport.com
Why Toprak Razgatlioglu is slower than he expected
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Sebring test: Marcus Armstrong leads Day 2,...
No description available...
8h ago from Motorsport.com
Josef Newgarden views 2026 as a ‘hard reset’ after...
Josef Newgarden is coming off one of his toughest years in IndyCar,...
10h ago from MotorsportWeek.c...
Scott Dixon to be inducted into IMS Hall of Fame
The Indianapolis Motor Speedway Museum has announced today that IndyCar...
16h ago from MotorsportWeek.c...
Jacob Abel prioritizing IMSA effort but still desires...
No description available...
16h ago from Motorsport.com
Popular On TotalWRC.com
Oliver Solberg keeping feet on the ground ahead of...
No description available...
20h ago from Motorsport.com
Esapekka Lappi thought his WRC career was over, but...
No description available...
4d ago from Motorsport.com
Kalle Rovanpera co-driver Jonne Halttunen lands Toyota...
No description available...
5d ago from Motorsport.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Brentford vs Arsenal Prediction and Betting Tips |...
Brentford and Arsenal will battle for three points in a Premier League...
57m ago from SportsKeeda.com
Premier League round-up & predictions
Morning. There was Premier League action last night, and I decided I'd...
1h ago from Arseblog.com
Liverpool eye midfield fix with £100m Arsenal and Man...
Newcastle United midfielder Sandro Tonali has been linked with a move away...
15h ago from CaughtOffside.com
Euro giants line up move for Arsenal star amid...
AC Milan are already planning for a significant overhaul of their...
18h ago from CaughtOffside.com
Comments
Hottest News
LIVE: 2026 F1 Bahrain Pre-Season 1st Test - Day 1
Follow along with the first day of the first... Read More »
3h ago from RacingNews365.com
Lance Stroll makes George Russell joke over new F1 rules...
Lance Stroll did not pass up the opportunity to... Read More »
57m ago from RacingNews365.com
F1 2026 Bahrain pre-season testing – Day 1 live
F1 is back! The first day of the first of two... Read More »
1h ago from MotorsportWeek.com
