News Details
Renault commits to F1 despite job cuts
Renault will stay in Formula 1 despite making major job cuts as a wider company, according to the French car manufacturer’s interim CEO Clotilde Delbos. In response to massively declining new car sales due to the COVID-19 pandemic, and following the Carlos Ghosn scandal, Renault will cut some 15,000 jobs as it searches to find 2 billion ($2.23b) in savings over the next three years. The announcement of those cutbacks had led to speculation regarding its future in Formula 1, but Delbos says the team remains committed as new regulations make it a more attractive proposition. “F1 we said publicly, and we confirm that we intend to stay in Formula 1,” Delbos said. “Actually the news...
Full Story »
Full Story »
You May Also Be Interested In...
Renault will remain in F1 despite $2b cuts
Renault's interim CEO Clotilde Delbos has confirmed the company’s...
5y ago from PlanetF1.com
Renault: We stay in F1
Renault's interim Chief Executive, Coltilde Delbos says the company is to...
5y ago from Pitpass.com
McLaren axes 1200 jobs in company restructure
McLaren will lay-off 1200 of its staff across its automotive,...
5y ago from GrandPrix247.com
Renault CEO: We intend to stay in Formula 1
Renault intends to keep its team in Formula 1, interim CEO Clotilde...
5y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez reveals ‘worry’ over Fermin Aldeguer...
Marc Marquez admits rookie Fermin Aldeguer was his biggest concern en...
5h ago from MotorsportWeek.c...
Winners and losers from MotoGP's Austrian Grand Prix
No description available...
10h ago from Motorsport.com
Diogo Moreira targets factory MotoGP spot in potential...
No description available...
7h ago from Motorsport.com
Pecco Bagnaia demands answers from Ducati: “I’m...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Marcus Armstrong will return to Meyer Shank Racing for...
No description available...
3h ago from Motorsport.com
MSR extends Marcus Armstrong contract for 2026 IndyCar...
Meyer Shank Racing announced on Monday that it will keep Marcus Armstrong...
4h ago from MotorsportWeek.c...
Strongest season yet for Pato O’Ward has been...
Pato O’Ward is having the best IndyCar season of his career, and is...
2d ago from MotorsportWeek.c...
McLaren to auction future F1, IndyCar and WEC cars in...
McLaren is to auction future F1, IndyCar and World Endurance Championship...
4d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Esteban Ocon's wild childhood dream: 'I wanted to buy...
No description available...
3d ago from Motorsport.com
How drones will change the way you watch motorsport
No description available...
5d ago from Motorsport.com
How WRC's crucial 2027 rules are falling into place
No description available...
6d ago from Motorsport.com
Future second Asian/Pacific event behind WRC calendar...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Barcelona hero Andres Iniesta once snubbed Lionel...
Barcelona legend Andres Iniesta once snubbed Lionel Messi while naming his...
4h ago from SportsKeeda.com
Arsenal latest: Gunners open to offers for five players
No description available...
4h ago from SkySports.com
Arsecast Extra Episode 654 – 18.08.2025
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
7h ago from Arseblog.com
“We never spoke” - Arsenal star Riccardo Calafiori...
Arsenal defender Riccardo Calafiori has outlined why he didn't text...
6h ago from SportsKeeda.com
Comments
Hottest News
Sebastian Vettel F1 return presents glaring issue for Red...
A former F1 star believes Red Bull would be... Read More »
1h ago from GPFans.com
Racing star confirms imminent F1 return
A racing star has confirmed that they will return... Read More »
3h ago from GPFans.com
Cadillac F1 hopeful suffers blow as target time missed
Cadillac F1 seat hopeful Valtteri Bottas suffered... Read More »
9h ago from GPFans.com
