Motor racing-Renault staying in Formula One -interim CEO

ByReuters

Published 29/05/2020 at 08:14 GMT

PARIS, May 29 (Reuters) - Renault will stay in Formula One, interim Chief Executive Coltilde Delbos said on Friday after announcing restructuring measures.

Eurosport

Image credit: Eurosport

"We confirm that we intend to stay in Formula One," she told a conference call.

"The new regulations, new cap in term of investments, because we had less investment than some of our competitors who are spending a lot of money, so F1, we are here, and we stay in Formula One." (Reporting by Gilles Guillaume, writing by Alan Baldwin, editing by Jason Neely)

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