Renault F1 chief insists team will race next season
Renault's 2009 F1 car.
Despite widespread rumours that the Renault F1 team could withdraw from Formula One, the team’s managing director Jean-Francois Caubet insisted that a working budget for 2010 has been approved and the team will race in F1 next year.
“We have already contracted our drivers, had our budget approved and are enrolled in the world championship. Season 2010 has begun already,” Caubet said, according to F1-live.com.
He added that Renault CEO Carlos Ghosn has also laid out his expectations for Renault’s 2010 season: that the team “returns to a good level”. “We will not be world champions in 2010, but we do have hopes to be much improved,” Caubet said.
Renault held an emergency board meeting yesterday where they were to decide whether to remain in the sport with their own team, switch to simply being an engine supplier or quit altogether.
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