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)
Renault boosts its F1 budget with Formula E exit
- Published on 26 Oct 2017 10:42
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- By: Rob Veenstra
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Replies (4)
Login to replyxoya
Posts: 583
Are you watching, Zak and " 'nando"?
F1todayfan101
Posts: 120
Smoke and mirrors....
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.
Harryw
Posts: 107
They will receive any tech benefit from nissan anyways so makes sense to me