Caubet more positive about Renault's future

Friday 6th November 2009

Renault's managing director Jean-Fran�ois Caubet has offered a more positive outlook on Renault's F1 future, revealing that the team's budget for next season has been approved.

Following Wednesday's extraordinary board meeting, Renault's participation in Formula One was thrown into even more doubt as the team's chief executive Carlos Ghosn refused to commit to the sport.

"You will have to be patient," Ghosn told Reuters. "We will make an announcement on our participation in Formula 1 before the end of the year."

However, Caubet, the team's managing director, insists Renault's preparations for next year's Championship are already in full swing.

"We have already signed our drivers, our budget has been approved," Caubet told L'�quipe. "Season 2010 has begun already. We will not be World Champions in 2010, but we do have hopes to improve."

Your Comments

Groundeffect

"Is that u again arnett. Might be helpful if u actually make some different type of comment for once. "

racerrick48

"raza has hit on something that's important...Although the manufacturers are heavily involved in the teams in a financial sense, they offset much of the costs by having paying sponsors for the cars and drivers. So, Renault will likely stay in F1 becasue they've already had success with Alonso in 2005 and 2006. Toyota on the other hand has had no success with their program and being the largest automaker in the world, they understandably decided to stop the embarassment they'e had to endure while they were in F1."

buang

"Now that Flavio is gone Renault have become the CIA....they cannot confirm nor deny anything"

raza

"having lost ING has probably upset things a bit...Bernie seems to forget that these companies (Renault et.al.) are run by more than one person, decisions have to be discussed and voted on...thats the corporate way. After spy-gate...liar-gate...crash-gate, and with other manufacturers leaving one might assume that Renault may want to discuss things a bit.

Perhaps Bernie could learn from this method...?"

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