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
Should there be a tear-off rule following Marco...
No description available...
10h ago from Motorsport.com
Miguel Oliveira reveals what’s ‘more difficult’...
Miguel Oliveira says WorldSBK’s race weekend format is harder to adapt...
16h ago from MotorsportWeek.c...
MotoGP eliminates wildcard riders from 2027 season
No description available...
1d ago from Motorsport.com
How MotoGP’s energy drink landscape could shift
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Mick Schumacher shares injury update after breaking...
No description available...
1d ago from Motorsport.com
Dual-tone Chevy ZR1X pace car revealed for...
The NTT IndyCar Series has revealed the Chevrolet pace car for the...
1d ago from MotorsportWeek.c...
Rookie Caio Collet tops last day of Indy 500 Open Test...
No description available...
2d ago from Motorsport.com
Rookie Caio Collet fastest in two-day Indy 500 open...
The NTT IndyCar Series held its traditional two-day open test for the...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
M-Sport weighs up WRC new car build as all options...
No description available...
2d ago from Motorsport.com
Toyota steps up WRC 2027 car testing with new look...
No description available...
2d ago from Motorsport.com
How Dani Sordo brings "different ideas" to...
No description available...
2d ago from Motorsport.com
Oliver Solberg explains crash that ended WRC Canary...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
PSG and Bayern in ‘different world’ to tired...
t;li>Arteta: ‘The difference in the leagues is night and...
4h ago from TheGuardian.com
Declan Rice faces potential UEFA Champions League SF...
Arsenal star Declan Rice is reportedly facing a ban for the UEFA Champions...
5h ago from SportsKeeda.com
Arsenal chief personally scouts in-form 25-G/A star in...
Arsenal are interested in signing the Galatasaray attacker Baris Alper...
10h ago from CaughtOffside.com
Fulham boss wants side to use potential nerves inside...
Fulham manager Marco Silva has urged his side to use potential nerves...
9h ago from SportsKeeda.com
Comments
Hottest News
Norris bounces back as FIA makes rare error
Lando Norris bounced back to end Mercedes'... Read More »
46m ago from RacingNews365.com
F1 2026 Miami Grand Prix – Sprint Qualifying Results
Lando Norris took a stunning sprint pole... Read More »
4h ago from MotorsportWeek.com
FIA announce Ferrari punishment at Miami Grand Prix
Ferrari F1 driver Charles Leclerc has been hit... Read More »
2h ago from GPFans.com
