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Renault had ‘no interest' continuing in current F1
Renault F1 boss, Cyril Abiteboul, has said the team would have had 'no interest' continuing in Formula 1 if the current regulations were to stay the same. Renault recently announced that it was making cuts worth around $2billion in the coming years with approximately 15,000 staff to be made redundant. There were fears that the entire Formula 1 operation was going to form part of the cuts, but they have decided to recommit their future to the sport. It could have easily been a different story though if new technical and financial regulations, which include an initial $145m budget cap, had not been in the pipeline. 'We have a very regular opportunity to meet with the executive management of...
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4y ago from PlanetF1.com
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