News Details
Report: Renault to announce annual cost cuts of 2 billion
Renault's Formula 1 programme could be in the firing-line with the French manufacturer set to make drastic cost cuts amidst its toughest period in recent memory. Even before the onset of the coronavirus, Renault announced in February its plan to reduce costs after posting its first annual loss in a decade. Now the financial woes seem to have deepened as on Wednesday they accepted a 5 billion loan from the French government, who own a 15% stake in the company. As per a report from Les Echos, these difficulties have caused the company to consider closing up-to four of its French factories over the next few years, and it is speculated that its Formula 1 team could also become a casualty....
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
Renault reportedly initiates talks with Bottas for 2021
A report from Germany is suggesting that Renault has touched base with...
5y ago from F1i.com
Renault boss appears unimpressed with Ricciardo...
Renault F1 boss Cyril Abiteboul offered an ambiguous comment in the...
5y ago from F1i.com
McLaren sign Ricciardo, Ferrari gets Sainz, Renault...
The music has stopped and the game of Formula 1 musical chairs has, once...
5y ago from TheParcFerme.com
Alonso to Renault rumors gaining momentum
Fernando Alonso is tipped for a return to Formula 1 with Renault...
5y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Kuala Lumpur emerges as favourite to host 2026 MotoGP...
No description available...
2h ago from Motorsport.com
BMW admits 2027 MotoGP entry ‘not viable’ as it...
BMW has admitted it is “not viable” for the German manufacturer to...
1d ago from MotorsportWeek.c...
Why the next contract matters more to Fabio Quartararo...
No description available...
2d ago from Motorsport.com
Honda in conundrum over Somkiat Chantra stand-in for...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Winners and losers from IndyCar’s Portland 2025...
No description available...
1d ago from Motorsport.com
Chip Ganassi: ‘We’re spoiled’ having drivers...
Alex Palou clinched the 2025 NTT IndyCar Series title over the weekend,...
1d ago from MotorsportWeek.c...
IndyCar Portland – Race Results
The final road course event of the 2025 IndyCar season was contested on...
1d ago from MotorsportWeek.c...
Alex Palou clinches title, becomes IndyCar’s newest...
Alex Palou is the champion of the 2025 NTT IndyCar Series, having locked...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
1w ago from MotorsportWeek.c...
Kurt Busch backs WRC return to USA after first taste...
No description available...
1w ago from Motorsport.com
Future second Asian/Pacific event behind WRC calendar...
No description available...
1w ago from Motorsport.com
Sebastien Ogier sets sights on WRC 2025 title push
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Gyokeres, Sesko, Ekitike - Forwards with power to...
With Premier League clubs making major upgrades to their attacking...
2h ago from SkySports.com
“Little too much pressure” - Robbie Fowler...
Robbie Fowler has predicted who among Viktor Gyökeres, Benjamin Sesko,...
4h ago from SportsKeeda.com
Spurs open Eberechi Eze talks as they try to beat...
t;li>Arsenal have been ahead but want to make sales firstSpurs do not...
5h ago from TheGuardian.com
'He can destroy you' - Arteta's warning for rivals as...
Viktor Gyokeres scored his first goal for Arsenal as the Gunners finished...
5h ago from SkySports.com
Comments
Hottest News
Franco Colapinto explores options outside F1 after Alpine...
Franco Colapinto's days in Formula 1 appear to be... Read More »
1h ago from RacingNews365.com
F1 CEO open to radical grand prix weekend change
F1 has added fresh elements to its weekend... Read More »
2h ago from RacingNews365.com
Where McLaren has massively ‘impressed' Williams in...
Williams boss James Vowles admitted he is... Read More »
14m ago from MotorsportWeek.com
