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Embattled Renault threatens to quit F1
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ENGINE-MAKER Renault said it was considering quitting Formula One after its previously successful partnership with Red Bull descending into mud-slinging. Managing Director Cyril Abiteboul said it was weighing up several options, including buying a team and walking away, a move which could have severe repercussions.
Renault is one of only four engine suppliers in F1, and Red Bull warned it could also be forced out of the sport if the French manufacturer leaves.
“I can confirm that we’re looking at a lot of options, including heading out of Formula One,” Abiteboul said at the Malaysian Grand Prix.
“Honestly, if Formula One is that bad for Renault’s reputation, if we see that we struggle with the current formula, if Formula One is not delivering the value that it costs to Renault.
“Bearing in mind that when you are an engine supplier you have no financial incentive to develop and to fund engine development.”
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