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Renault boosts its F1 budget with Formula E exit

  • Published on 26 Oct 2017 10:42
  • 4
  • By: Rob Veenstra

The French carmaker Renault has freed up more resources for its works F1 team. The manufacturer announced that it is pulling out of the all-electric series Formula E to "focus resources on its aggressive goals for formula one".

The title-winning Formula E team will undergo a "smooth transition" to become Nissan, the Japanese carmaker which is over 40 per cent owned by Renault. "After season 4 we will focus resources on our aggressive goals for formula one," confirmed Renault marketing chief Thierry Koskas. (GMM)

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Replies (4)

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  • xoya

    Posts: 583

    Are you watching, Zak and " 'nando"?

    • + 0
    • Oct 26 2017 - 10:55
  • F1todayfan101

    Posts: 120

    Smoke and mirrors....

    • + 0
    • Oct 26 2017 - 11:06
  • calle.itw

    Posts: 8,527

    An odd move, considering how in it is to join FE nowadays, but I cant say it doesnt make sense.

    • + 0
    • Oct 26 2017 - 17:41
  • Harryw

    Posts: 107

    They will receive any tech benefit from nissan anyways so makes sense to me

    • + 0
    • Oct 27 2017 - 10:23

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