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Maldonado facing Renault axe, Magnussen poised to replace
Pastor Maldonado could be set to lose his place with the Renault F1 team due to late payments from primary sponsor PDVSA, with Kevin Magnussen being lined up to potentially replace him. The former race winner was announced with the team, formerly known as Lotus, in September but his place was largely dependent on the substantial backing he received from his native Venezuela through state-sponsored oil firm PDVSA. Though Renault has previously suggested it would retain Maldonado and Jolyon Palmer – both of which were signed before the French firm completed its takeover of Lotus -, the BBC is reporting that payments from PDVSA are several weeks overdue. As it stands, Renault says it is in...
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