• Carlos Ghosn announces his decision that Renault will return to Formula 1 with its own team for 2016 season.
• Renault, 12-time Constructors’ Champion with nearly 40 years in the sport, is an iconic brand in Formula 1 and intends to play an active role in the sport’s development.
• F1 is a technology showcase and accelerates development of Renault’s innovation and range of sports cars.
Following the September announcement of the signing of a Letter of Intent with Lotus, teams at Renault continued to evaluate the possibility of a return to Formula 1. Particular attention was paid to competing successfully with its own team in a financially sound way starting in 2016.
“Renault had two options: to come back at 100 percent 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 new challenge. Our ambition is to win—even if it will take some time,” said Carlos Ghosn, Chairman and CEO, Renault.