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Following weeks of speculation about their future plans, Renault confirmed on Wednesday that they remain committed to Formula One racing. The French car manufacturer also announced that they have agreed to sell 'a large stake' in their team to Luxembourg investment company Genii Capital. The new partners plan to run the outfit together, with the team continuing to use Renault engines and race under the Renault name. The deal is set to be concluded in early 2010...
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Following weeks of speculation about their future plans, Renault confirmed on Wednesday that they remain committed to Formula One racing. The French car manufacturer also announced that they have agreed to sell 'a large stake' in their team to Luxembourg investment company Genii Capital. The new partners plan to run the outfit together, with the team continuing to use Renault engines and race under the Renault name. The deal is set to be concluded in early 2010...
More...