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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