Sport

Renault staying in Formula One, says interim CEO

Renault staying in Formula One, says interim CEO

Renault will stay in Formula One, interim CEO Coltilde Delbos said on Friday after announcing restructuring measures.

"We confirm that we intend to stay in Formula One," she told a conference call.

"The new regulations, new cap in term of investments, because we had less investment than some of our competitors who are spending a lot of money, so F1, we are here, and we stay in Formula One."