Connect with us

Hi, what are you looking for?


Renault mulls quitting F1

LONDON, Nov 5 – Renault have held an emergency board meeting in Paris to discuss pulling out of Formula One, on the same day as Toyota announced it was also quitting the sport, according to reports.RENAULT_F1_CARThe French car company was considering whether to remain in Formula One, switch to become an engine supplier only to teams, or exit the sport altogether, the BBC reported.

The outcome of Wednesday’s meeting, attended by Formula One team bosses Bob Bell and Jean-Francois Caubet, was not immediately clear, the Guardian said.

Renault has been dogged in recent months by a race-fix scandal in which they decided not to contest charges that Nelson Piquet was ordered to deliberately crash in Singapore last year to help teammate Fernando Alonso to victory.

Renault’s former team boss was banned from the sport indefinitely and its chief engineer was suspended for five years.

Renault finished a dismal eighth out of 10 in the constructors’ championship after the final race of the season on Sunday in Abu Dhabi.

The meeting came as Formula One was left reeling by Toyota’s decision to quit in response to the economic crisis, just days after tyre manufacturer Bridgestone also pulled out.

Toyota said its decision to leave after this season reflected "the current severe economic realities."

Honda have already withdrawn, while Germany’s BMW have announced they were leaving at the end of the season to cope with the credit crunch.

While F1 attracts millions of viewers, the amount of money it costs to run a team — estimated at hundreds of millions of dollars a year — means it has become an unaffordable luxury for some manufacturers.

Advertisement. Scroll to continue reading.



Leave a Reply

Your email address will not be published. Required fields are marked *


More on Capital Sports


NAIROBI, Kenya, May 25 – There is light at the end of the tunnel. After failed promises over the last three years since its...


NAIROBI, Kenya, June 8 – Olympic Champion Caster Semenya and wife Violet Raseboya have hinted that they might be expecting a baby in a...


NAIROBI, Kenya, Oct 15 – Daniel Wanjiru, the 2017 London Marathon champion has been slapped with a four-year ban by the World Athletics Disciplinary...


NAIROBI, Kenya, Aug 13 – Kenya’s history making Daniel Adongo, the first Kenyan to play in America’s National Football League (NFL), is now living...

© 2020 Capital Digital Media. Capital Group Limited. All Rights Reserved