Renault says it plans to stay in Formula One despite the French car manufacturer undergoing a major restructuring process that will see 15,000 layoffs worldwide. Editor's Picks Mercedes responds to F1 exit reports Williams considers sale of struggling F1 team 1 Related The team's future in F1 has become a source of speculation for several months after it failed to meet its on-track goals last year as the wider company faced cost-cutting measures. Faced with the financial impact of the coronavirus pandemic, the Renault car company is planning to find $2.2 billion in savings over the next three years, including a 10% reduction in its workforce. However, after announcing Renault's...
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