Renault Sport F1 is born to supply engines 8 December, 2010 New era begins for Renault in Formula 1 Dec.8 (Grand Prix 247) Renault Sport F1 has been created as the French car manufacturing giant end their involvement in Formula 1 as a racing team to focus on being an engine supplier to three teams in 2011 and beyond. 1-2-3 for Renault power at the 2010 Monaco GP The creation of Renault Sport F1 follows Renault’s decision to sell its minority stake in Renault F1 Team to Genii Capital. Renault will continue to provide strong support for the Enstone team as a supplier of engines, as well as technological and engineering expertise. Renault Sport F1 will operate from Viry-Châtillon, Renault’s traditional F1 racing base. Its Chairman will be Bernard Rey, a member of Renault’s Management Committee. In 2011 Renault will be supplying engines to three of the teams on the grid: Lotus Renault GP: Renault will be supplying engines and technological support to Lotus Renault GP, the team that previously competed under the name of Renault F1 Team and with which it won two world championships in 2005 and 2006. Red Bull Racing Renault: the 2010 world champion has been using Renault engines for four seasons. Demonstrating its confidence in Renault, it has extended the partnership for a further two years. 1 Malaysia Racing Team (UK) Ltd: a new customer for Renault in 2011. This team made its F1 debut in 2010. It has a sound technological base with the Renault engine and Red Bull Technology transmission. Carlos Ghosn, Renault President Announcing the shift in their F1 involvement, Carlos Ghosn, President and CEO of Renault said, “2011 opens a new chapter in our historical involvement in Formula 1 racing. The victory in 2010 with Red Bull Racing showed the potential of the engine specialists at Viry-Châtillon and underlines Renault’s credibility as a supplier of engines and technologies.” He added, “We intend to build on this victory over the coming years and to achieve further success with our partners. Renault will adopt a proactive approach with other manufacturers and sporting bodies to meet one of the main strategic challenges of this sporting discipline: to develop an engine with technologies that will herald those applied to future production vehicles.” In a statement released today also said: “Renault is returning to its core expertise in engine manufacturing and getting ready to meet the challenges of the future, particularly the new engine regulations to be introduced over the next few years. Although details of the regulations are still under discussion, the main lines have emerged. The aims are for F1 innovations to serve progress in production vehicles, to showcase technologies that better respect the environment, to limit budgets, and to put on as spectacular a ‘show’ as possible.” Fernando Alonso won back to back F1 world titles with Renault F1 Team As well as supplying engines, Renault Sport F1 will conduct advanced research studies with its partners, as well as engineering programmes in areas such as transmissions and kinetic energy recovery systems (KERS). The new division will put forward Renault’s technological response to the challenge raised by the new F1 regulations on engines. It will be a laboratory for developing technologies that better respect the environment, applicable to combustion and electric powertrains as well as to production models. Renault has taken part in 29 Formula 1 World Championship seasons, winning nine Constructors’ world champion titles, most recently with Red Bull Racing in 2010. Renault engines secured 23 podium finishes in 2010, including a historic 1-2-3 at the Formula 1 Grand Prix de Monaco 2010. Renault engines have won three of the last six world championships.