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Renault confirms Lotus F1 Team takeover
French car manufacturer Renault has confirmed its return as a constructor in Formula One, buying the current Enstone-based Lotus F1 Team. The new follows the company's earlier published intention to take over the Lotus F1 team. Following the September announcement of the signing of a Letter of Intent with Lotus, teams at Renault continued to evaluate the possibility of a return to Formula 1. Particular attention was paid to competing successfully with its own team in a financially sound way starting in 2016. “Renault had two options: to come back at 100 percent or leave. After a detailed study, I have decided that Renault will be in Formula 1, starting 2016. The final details supplied by...
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