Renault stalls on F1 future decision

RENAULT have put their future in Formula One on hold.

The French manufacturing giant held a board meeting on Wednesday to discuss whether to continue in the sport just hours after Toyota confirmed they were pulling out with immediate effect.

However, Renault chief executive Carlos Ghosn yesterday called for patience as there will be no immediate decision.

“I can assure you before the end of the year we’ll announce our strategy regarding the participation of Renault in Formula One,” Ghosn said.

It is understood three options are open to Renault: to continue in F1, to become an engine supplier, or to withdraw completely.

Renault have endured their worst season since returning to the sport in 2002 as a fully-fledged team in their own right, both on and off the track.

They finished a lowly eighth in the constructors’ championship, but it was the ‘Crashgate’ scandal which severely damaged the team.