Renault plans on taking an exit from Formula One

Saturday 28 March 2015, 09:45 AM by

French automaker Renault, which supplies engines to the Red Bull and Torro Rosso teams, says it is considering pulling out of Formula One due to the damage done to its reputation after a very difficult start to the new season.

Cyril Abiteboul, managing director of Renault Sport F1, said Friday; "I can confirm we are looking at a lot of options, including getting out of Formula One if it's bad for Renault's reputation."

Renault plans on taking an exit from Formula One | CarTrade.com
Renault plans on taking an exit from Formula One

Abiteboul also said Renault was speaking to interested parties amid reports it is considering buying an existing F1 team and becoming a race constructor again.

Toro Rosso team principal Franz Tost revealed the Italy-based team would be receptive to an offer, saying "this would be a fantastic opportunity for Toro Rosso to make the next step forward."

Source: Associated Press

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