Renault said on Friday it will continue to run a team in the Formula One world championship, despite announcing nearly 15,000 job losses in …
Renault said on Friday it will continue to run a team in the Formula One world championship, despite announcing nearly 15,000 job losses in the wake of plummeting car sales.
The French manufacturer, which returned to F1 in 2016 after a five-year absence, said upcoming changes to the sport’s spending cap will help them continue to compete.
“We said publicly and we confirm that we intend to stay in Formula One,” said interim Renault chief Clotilde Delbos.
