Connect with us

2016 F1

Is Renault takeover of Force India a gimmick?

Published

on

Is Renault takeover of Force India a gimmick

Is Renault takeover of Force India a gimmick


Renault is one of the few volume auto manufacturers whose core business strategies have revolved around Formula One for decades in one form or the other. Ferrari and McLaren have bloomed through the roots of our sport whilst many automotive giants came and went in a blur since they waited for opportunities to enter the sport rather than creating one for their own.

Most recently, the confirmation of only 11 teams, including the new entrant Haas F1 Team, on the grid for 2016 proved the new turbo V6 formula hasn’t enticed big-spending conglomerates with mooted companies like Volkswagen or Audi or Toyota sticking to comparatively less expensive way of motorsport in rallying and endurance racing.

Since decided to sell the majority of their works team’s shares to Genii capital in 2010 that eventually came in to be Lotus Renault GP the following year, the French marque contended to focus solely on being the engine supplier.

The dominant Red Bull chassis and the superior Renault RS27 V8 engines ruled the competition with four consecutive drivers’ and constructors’ championships between 2010 and 2013.

But Red Bull have been quick to point the blame on Renault since the V6 incarnation for the dire performances in the last year and half and criticisms were bucketed at the French outfit in a constant manner thus deteriorating the relationship between them.

Despite having such rich heritage in the sport, Renault are delving deep regarding their future plans currently. What is known, however, is that they are in accordance with honouring the engine supply contract for Red Bull and Toro Rosso until the end of 2016 with other options being considered are whether to continue the role as an engine supplier or taking up a majority stake in a team or quit the entire operation in the top flight.

Speculations arouse over Spa weekend suggested Red Bull have terminated deal with Renault a year in advance so as to pursue after Mercedes or Ferrari as soon as next year. Albeit declining such claims, Red Bull are waiting for a decision to be made that will leave them no choice but to go with either Mercedes or Ferrari. Team Principal Christian Horner said, “We have an agreement until 2016 and it’s important to understand what Renault’s plans are. Then we can react accordingly.”

The most likely scenario of Renault making a comeback to the sharp end of the field would be to takeover a midfield team and build up a works squad from there. Ironically the Enstone-based Lotus team, beset with financial struggles this year, have been touted as the ideal candidate for Renault to resurrect their glory days.

However, having not made up their mind yet the French carmaker have held parallel talks with other midfield teams and at the Belgian GP Renault’s ambassador and consultant Alain Prost convened with Force India’s Team Principal Vijay Mallya.

The Indian businessman acknowledged after the meeting: “We didn’t talk about engine supply at all.” And that Renault considers Force India as one of their options for a potential takeover to become a constructor and stressed the talks are only at the preliminary stage.

Regarding Renault’s future, the four-time champion Alain Prost addressed “We are completing the process of analysing the situation” and added “The decision is a little delayed but it will be taken in September,”

Lotus’ increasing financial issues hit a new low when bailiffs arrived to impound the team’s assets including the two Formula One cars following their first podium finish since Austin 2013 at Spa. The team are embroiled in a legal dispute with former reserve driver Charles Pic who reportedly demands up to 750,000 Euros for allegedly not giving him enough seat time as guaranteed in his contract last year.

After an unexpected third-place for Romain Grosjean at the Belgian GP, Lotus trackside operations director Alan Permane admitted: “This is the worst season we’ve had financially.

“We’ve scrimped and scraped for parts and to get the cars on the track is a massive effort each week. So to be able to stick it on the podium is unbelievable.”

The podium was a timely reminder of what they can accomplish provided the right equipment and investment. Amidst all the uncertainty surrounding the charismatic team’s mere existence beyond 2015, Renault’s interest in other teams might have sent them alarming message to what they expect out of the potential deal. Possibilities are this could leave them until they enter administration and buyout the shares rather than risking to pay investors’ debts by making a move now. (Suren M)

Comments

Latest Results




Latest F1 News

2018 F12 days ago

Ferrari to reveal 2019 car on February 15

Ferrari will reveal its 2019 challenger on February 15, team boss Maurizio Arrivabene said on Thursday. The Italian attended an...

2018 F13 days ago

F1 teams worried about Brexit crisis

F1 teams admit they are worried about the Brexit crisis that is occurring in Britain. After British people voted in...

2018 F13 days ago

‘I have mixed feelings’ about Kubica return – Vettel

Sebastian Vettel says he has “mixed feelings” about Robert Kubica’s return to formula one. Former grand prix winner Kubica, now...

2018 F13 days ago

Monza seeking EUR 100m for upgrade

Monza is looking for EUR 100 million to upgrade the Italian grand prix venue and secure a new grand prix...

2018 F14 days ago

Sirotkin to test DTM, Hartley to Porsche

Sergey Sirotkin could keep his motor racing career alive in the German touring car series DTM. SMP Racing, his Russian...

2018 F14 days ago

McLaren not ‘copying’ Red Bull car – Sainz

Carlos Sainz has played down claims McLaren is ‘copying’ Red Bull’s chassis concept for 2019. With Red Bull moving to...

2018 F14 days ago

Barcelona hopes for new F1 contract

Organisers of the Spanish grand prix are still not sure they will reach a new agreement with Liberty Media. Vicenc...

2018 F15 days ago

Berger sees F1 chance for nephew Auer

is hoping his nephew may have a future in formula one. One the one hand, the F1 legend said he...

2018 F15 days ago

Hamilton teammate Bottas ‘is not there’ – Verstappen

Max Verstappen has admitted he will try to emulate Lewis Hamilton and Mercedes’ approach to winning the world championship. The...

2018 F15 days ago

Mexico GP future in doubt

A cloud has moved above the future of the highly popular Mexican grand prix. The rejuvenated race at the iconic...




Most Popular

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment.

References
We could use the following leading F1 news sources for stories: SkyF1, BBC F1, Autosport, ESPN F1, FIA Media Center, MotorSport, JamesAllen and others leading authors blog.

All Rights Reserved © 2017 Prime Sport Media