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Renault R30 F1 challenger - Click above for high-res image gallery. Follow the jump to watch video.

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The Renault name will remain on the Formula One grid when the series resumes in 2010 thanks to a deal announced on Wednesday. There had been considerable speculation in recent months that Renault would shut down its F1 effort and follow Honda, BMW and Toyota out the door. These rumors hit a fever pitch after the "Crash-Gate" controversy and the sudden departure of primary sponsor ING.

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With the new Clio RenaultSport set to take Europe by storm, the French automaker is working overtime to associate the new hot hatch with its enormously successful Formula One program. The 197-horsepower Clio is a car that should give the VW GTI fits, with comparable performance and styling that is equally eye-catching. Most remarkably, the F1 associations are not totally outlandish, as the Clio RS uses aerodymamics inspired by Renault's world-beating race program, including a completely function

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