Renault to stay in F1 but it’s cutting 15,000 jobs
Renault, which came in fifth overall in 2019, has a driver vacancy for 2021
29 May 2020 - 15:14
Paris — Renault will stay in Formula One (F1), interim CEO Clotilde Delbos said on Friday after announcing the carmaker’s restructuring measures, including plans to cut 15,000 jobs worldwide.
“We confirm that we intend to stay in F1,” 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.”..
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