Renault has announced that it will be returning to Formula 1 with its own team to compete in the 2016 season.
Hoping to showcase their own technological development, as well as accelerating the amount of technology that can be utilised in its road cars, Renault hopes to play an active role in the progression of the sport.
Carlos Ghosn, chairman and CEO at Renault, said: “Renault had two options: to come back at 100 per cent or leave. After a detailed study, I have decided that Renault will be in Formula 1, starting 2016.
“The final details supplied by F1’s main stakeholders gave us the confidence to accept this challenge. Our ambition is to win – even if it will take some time.”
Renault has had an involvement with F1 for nearly 40 years, and has won the Constructor’s Championship 12 times. It has taken part in more than 600 grand prix, with 168 race wins and 11 drivers’ crowns.
Being a part of Formula 1 enables Renault to progress quickly at both the sport and the design of its road cars, with the one benefitting the other.
Renault is entering the sport by acquiring the Lotus F1 team, with the two companies having known each other for 15 years. The two were world champions together in 2005 and 2006.
With the new championship beginning in March 2016, Renault will be hoping to make a big impact from the very first race.
After completing his university studies in English and Creative Writing in Cardiff, Jack is now a full time motoring writer at Blackball Media. His love of cars stems from his childhood years when he began to live and breathe all-things automotive.