• May 31, 2006
Win on Sunday, get a budget boost on Monday - that's the way it seems to be working for Renault's Formula 1 team. The team has been operating under a cloud of uncertainty about its future ever since Carlos Ghosn (right), renowned cost-cutter, took the reins as president and CEO of Renault. Indeed, many attribute the pending loss of 2005 world champion (and 2006 points leader) Fernando Alonso at the end of the season to his possible concerns about the future of the team.
Ghosn, in attendance at Renault's dominating performance in this weekend's Monaco Grand Prix, moved to affirm his support for Renault's F1 effort, saying, "There are a lot of cars arriving in the next three years that will benefit directly from the halo effect of our Formula 1 victories." (The team's F1 drivers figure prominently in PR shots for its newly-launched Clio Renault Sport model, for example.)

More importantly (certainly to the team), the famously frugal Ghosn confirmed that the team would have the "necessary funding" to compete "at the top level." He did take a dig at some of Renault's more, um, free-spending rivals in Formula 1 (read, Toyota), saying, "We are achieving the best results on one of the smallest budgets... It would be embarassing if things were the other way round, and we had the biggest budget with no results." (Ouch!)

[Source: RenaultF1.com]


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    • 1 Second Ago
  • 5 Comments
      • 8 Years Ago
      This again goes on to show Toyota's asinine decision to sink billions in F1. If only toyota spends ONE PERCENT of what it is spending in F1 on making a car for le Mans and Daytona it will have the same effect.
      • 8 Years Ago
      He is so handsome with his big head and big forehead and the big brain inside.
      I want to rub his forehead and touch his big skull everywhere.
      • 8 Years Ago
      Le Mans or Daytona (whatever that is) doesn't have the same news coverage as F1 across the world. Turn on any news channel and you are bound to get the results of the latest Grand Prix during the sports section, while other forms of motorsports are hardly mentioned.
      • 8 Years Ago
      That's good news for Renault...

      I don't think that losing Alonso will be the end of the world. They have a very fast car and there are other drivers (read: Kimi) who would be even faster in the Renault than Fernando.
      • 8 Years Ago
      So how come all this Ray-No F1 technology never gets translated into a decent French car? You know, I'd buy a Le Car with a paddle shifter. And his head doesn't look that big to me.