Renault staying in Formula One - interim CEO

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Renault had less investment than some of our competitors
Renault had less investment than some of our competitors

London - Teams spend lot o money

By Reuters

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Published: Fri 29 May 2020, 1:06 PM

Last updated: Fri 29 May 2020, 3:14 PM

Renault will stay in Formula One, interim Chief Executive Coltilde Delbos said on Friday after announcing restructuring measures.
"We confirm that we intend to stay in Formula One," 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 One."



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