Connect with us

2016 F1

Renault announcement now imminent – report

Published

on

Renault announcement now imminent - report

Renault announcement now imminent – report

Renault’s decision to return to full works status in 2016 by buying Lotus is now imminent.

That is the claim of the well-connected French source RMC Sport, reporting that the carmaker’s CEO Carlos Ghosn was expected to give the green light shortly after returning from a trip to Japan late on Tuesday.

It ties in with Renault Sport F1 chief Cyril Abiteboul’s news as he left Abu Dhabi that an announcement is “very likely” to happen this week, and similar sounds coming out of Red Bull, who intend to stay with Renault power in 2016.

It is believed Red Bull’s engine will be rebranded as Tag-Heuer or even Nissan, the latter being Renault’s Japanese division.

Tasked with conducting intense negotiations with Bernie Ecclestone in Abu Dhabi was Jerome Stoll, Group Renault’s marketing chief, and the talks were reportedly successful.

A source close to the F1 supremo said Stoll had succeeded in getting “every penny” it wanted from Ecclestone in terms of Ferrari and Mercedes-like bonus income payments.

RMC said those negotiations also involved CVC chief Donald Mackenzie, who was making a rare paddock appearance in Abu Dhabi.

Ron Dennis, the McLaren supremo, admitted he had been critical of Mackenzie and his approach to the sport’s issues at the latest meeting of the F1 Commission.

“They (CVC) make a great deal of money from motor racing and they need to put a bit more back into the sport at critical moments,” he told Sky. “And the critical moment is keeping Renault and keeping the Red Bull team supplied with engines.”

So with an announcement by Renault now imminent, the RMC report said Frederic Vasseur – currently with the GP2 team ART – will step up with a prominent team management role, to work alongside F1 legend Alain Prost.

Abiteboul admitted that 2015 was an unsatisfactory season for Renault in F1.

“Fourth in the championship for Red Bull is no doubt hard to accept and we all share that responsibility,” he said.

“At the start of the year when we came under fire it would have been easy to lose motivation, but all have kept their heads down and kept development on track.

“We have not reached the targets we set for ourselves, but I hope this year will be seen as an aberration to our usual good form,” Abiteboul added.

Comments

Latest Results




Latest F1 News

2018 F12 days ago

I can still become world champion with my own power – Vettel

According to La Gazzetta dello Sport, the highly influential Italian sports daily, Sebastian Vettel said “Ciao Mondiali” to his hopes...

2018 F13 days ago

Vettel misses Schumacher amid 2018 F1 struggle

Sebastian Vettel thinks he would benefit from the advice of his old friend and mentor Michael Schumacher. One analysis of...

2018 F14 days ago

Verstappen says Red Bull never considered deal with Alonso

Max Verstappen says Red Bull never considered signing up Fernando Alonso for 2019. That is despite the fact that, recently,...

2018 F14 days ago

Honda poised to overtake Renault for power

Honda could be poised to overtake Renault and cease having the least powerful engine in F1. Auto Motor und Sport...

2018 F16 days ago

Pascal Wehrlein on pole for 2019 Toro Rosso race seat

Pascal Wehrlein has emerged as a top candidate to return to F1 next year. Just days ago, Mercedes admitted that...

2018 F16 days ago

I’ll be with Force India until the end of 2018 – Ocon

Esteban Ocon says he should keep his Force India cockpit for the rest of the 2018 season. Earlier, there was...

2018 F16 days ago

FIA clears legality of Ferrari’s camera-blocking ‘fan’

F1’s governing body has cleared Ferrari to keep using a controversial airbox fan. In the Singapore pits, the Italian team...

2018 F17 days ago

Ricciardo is worth top dollar – Alain Prost

Paying the big bucks for Daniel Ricciardo is an expense that Renault can fully justify. That is the view of...

2018 F17 days ago

Vettel feeling pressure of 2018 F1 title battle – Red Bull

Sebastian Vettel often struggles with pressure. That is the view of Adrian Newey, Red Bull’s famous technical boss who penned...

2018 F17 days ago

Red Bull excluding Ricciardo from meetings

Daniel Ricciardo is set to be given the cold shoulder by Red Bull. The Australian is moving from the energy...




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