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...
3y ago from PlanetF1.com
Renault: We stay in F1
Renault's interim Chief Executive, Coltilde Delbos says the company is to...
3y ago from Pitpass.com
McLaren axes 1200 jobs in company restructure
McLaren will lay-off 1200 of its staff across its automotive,...
3y 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...
3y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
F1 owner Liberty Media set to finalise purchase of...
No description available...
13h ago from Motorsport.com
Dall’Igna calls Bagnaia/Marquez Portugal MotoGP...
No description available...
21h ago from Motorsport.com
Acosta heralded following debut MotoGP podium at...
Pedro Acosta received high praise following the Portuguese Grand Prix,...
17h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Rasmussen, Siegel and Simpson complete oval rookie...
No description available...
10h ago from Motorsport.com
Rosenqvist: Confidence within MSR growing with every...
Felix Rosenqvist has started off his time with Meyer Shank Racing on a...
13h ago from MotorsportWeek.c...
Rising concerns in IndyCar over PFC’s braking system
No description available...
1d ago from Motorsport.com
Drivers offer thoughts on Thermal exhibition, ideas on...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Kalle quickest in Safari shakedown
Reigning WRC champion Kalle Rovanperä set the benchmark time in Wednesday...
4h ago from MotorsportWeek.c...
Toyota to deploy suspension update at WRC Safari Rally...
No description available...
19h ago from Motorsport.com
Rovanpera: WRC technical overhaul for 2025 “makes no...
No description available...
17h ago from Motorsport.com
Neuville hopeful Hyundai has addressed WRC Kenya...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Tottenham keen on signing £61 million rated Chelsea...
No description available...
56m ago from SportsKeeda.com
Arsenal ready to launch move for Manchester City and...
No description available...
1h ago from SportsKeeda.com
The story behind Arsenal beating City to signing of...
There is a word Mikel Arteta repeatedly plumps for during recruitment...
1h ago from SkySports.com
Rodri vs Rice: battle of the 'lighthouses'
An integral position in the Pep Guardiola school of football is the...
1h ago from SkySports.com
Comments
Hottest News
F1 owners ‘close’ to stunning £3.5 BILLION takeover of...
A multi-billion pound deal put forward by Formula... Read More »
2h ago from GPFans.com
'Thai shareholder wants Red Bull GmbH to move to Dubai'
Christian Horner seems to be locked in the saddle... Read More »
45m ago from GPBlog.com
Lawson delivers Red Bull ultimatum over F1 future
Liam Lawson is spending a year as the Red Bull... Read More »
56m ago from RacingNews365.com