Renault decision 'by end of year'

EGM brings no immediate news on French manufacturer's F1 future

Last updated: 5th November 2009   Subscribe to RSS Feed

Renault decision 'by end of year'

Renault: Decision pending

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Renault has said it will make a decision on whether to follow Toyota's lead and withdraw from Formula One by the end of the year.

Toyota announced on Wednesday that it was withdrawing its team from the sport with immediate effect, citing "current severe economic realities" for the decision.

Hours later, Renault appeared to be facing the same fate as the French manufacturer called an extraordinary board meeting to discuss its future plans.

With fallout from the recent Singapore race-fixing scandal - for which its team was handed a two-year suspended ban - to consider as well as the economic downturn, many are predicting Renault will be the next team to walk away.

However, Renault Chief Executive Carlos Ghosn has revealed that no decision was made on Wednesday, although one will be forthcoming before the year is out.

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

Should Renault quit Formula One, they will become the fourth major manufacturer to leave, joining Honda, BMW and now Toyota.

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