News Details
Renault will remain in F1 despite $2b cuts
Renault's interim CEO Clotilde Delbos has confirmed the company’s intention to remain in Formula 1 despite facing massive job cuts. Renault announced on Friday its plans to reduce fixed costs by more than 2 billion euros over the next three years. The transformation plan will see the company simplify processes, reduce the diversity of components within vehicles and adjust industrial capacities. Some 15,000 jobs are expected to be lost in the process. Renault said it will cut its global production from four million vehicles in 2019 to 3.3m by 2024. Closures could include a foundry in Brittany and a factory in northern France. 'In a context of uncertainty and complexity, this project is...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
McLaren suffers massive £173m quarterly revenue drop
The McLaren Group's revenues took a massive £175m hit in the first...
5y ago from F1i.com
Optimism remains over the British Grand Prix despite...
The government of the United Kingdom has implemented a 14-day quarantine...
5y ago from GPFans.com
F1 still seeking Silverstone resolution despite...
Formula 1 is still working toward a resolution with the UK Government...
5y ago from Racer.com
Hope for British GPs despite quarantine scheme
There is hope that major sporting fixtures including the British Grand...
5y ago from BBC.co.uk
Elsewhere On The Network
Popular On MGPToday.com
The key challenges MotoGP teams will face in the 2027...
No description available...
1h ago from Motorsport.com
VR46 looking for mix of experience and youth in 2027...
No description available...
19h ago from Motorsport.com
Dani Pedrosa reveals the ‘crazy’ training that...
No description available...
1d ago from Motorsport.com
MotoGP announces Qatar round postponed until November
MotoGP has confirmed that Qatar's 10-12 April slot will be moved to 6-8...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Kyle Kirkwood’s surprise lunge on Alex Palou...
Kyle Kirkwood took victory in the inaugural Grand Prix of Arlington on...
1d ago from MotorsportWeek.c...
Official race results: 2026 IndyCar Grand Prix of...
No description available...
1d ago from Motorsport.com
Rough and tumble weekend dampens Josef Newgarden’s...
Josef Newgarden came into IndyCar's Arlington GP weekend on a high,...
1d ago from MotorsportWeek.c...
Kirkwood "currently the biggest threat" to...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
WRC Rally Scotland brings top tier rallying back to...
The 2027 WRC calendar should have an exciting new event on the calendar:...
21h ago from MotorsportWeek.c...
WRC to return to GB in 2027 as Scotland secures...
No description available...
21h ago from Motorsport.com
Why Takamoto Katsuta’s long-awaited first WRC win...
No description available...
1d ago from Motorsport.com
“Proud” Ott Tanak, Kalle Rovanpera lead praise of...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
The race for Premier League Player of the Season:...
As we push through the crucial month of March in the 2025/26 Premier...
1h ago from CaughtOffside.com
Arsenal's next four games will make or break their...
It's no exaggeration to say that the fate of Arsenal's season probably...
8m ago from CaughtOffside.com
Frontrunners Arsenal face intense battle to sign...
According to Calciomercato, AC Milan and Inter Milan are actively...
4h ago from CaughtOffside.com
“Just not normal in football” - Kyle Walker on...
Burnley defender Kyle Walker has admitted it is horrific to play against...
4h ago from SportsKeeda.com
Comments
Hottest News
Toto Wolff reveals real reason why Aston Martin dumped...
Toto Wolff has revealed why Aston Martin ended... Read More »
4h ago from MotorsportWeek.com
Furious F1 star refuses apology from rival over...
Onboard F1 footage has uncovered the spicy moment... Read More »
38m ago from GPFans.com
Wolff's Mercedes heritage flight for past and present stars
Once a Mercedes driver, always a Mercedes driver... Read More »
2h ago from F1i.com
