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Renault CEO: We intend to stay in Formula 1
Renault intends to keep its team in Formula 1, interim CEO Clotilde Delbos confirmed on Friday, despite plans to cut costs by 2 billion over the next three years. “We confirm that we intend to stay in Formula 1,” she told a conference call. “The new regulations, new cap in term of investments, because we had less investment than some of our competitors who are spending a lot of money, so F1, we are here, and we stay in Formula 1.” Report in progress…
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