Renault's presence in Formula 1 is not called into question by the savings plan presented today. This was announced by the interim dg of the French car manufacturer, Clotilde Delbos. "We have said publicly and confirm that we remain committed to F1," Delbos said during a conference call, commenting on the savings plan which is accompanied by 15,000 job cuts, 4,600 of which in France.
"The announcement of new rules on spending limits - he underlined - is very positive for us, because we will have to invest less in this discipline than some of our competitors who spend a lot of money. So, we are and we remain in F1". Formula 1 has just decided to limit the annual spending limit to $ 145 million for 2021 (€ 132 million), then to $ 140 million for 2022 with a further drop to $ 135 million for the 2023 biennium / '25, based on a season that includes 21 GP.
Renault returned to F1 in 2016, after retiring as a manufacturer in 2010. The brand is currently equipping the French cars, but also the two McLaren cars which, however, will switch to the German Mercedes from next year.