Abiteboul says Red Bull has found an engine solution

F1 News
Tuesday, 17 November 2015 at 12:35
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Red Bull is now confident it will be in Formula 1 beyond next weekend's 2015 finale, despite earlier in the year threatening to pull out amid its search for a new engine supplier.
But according to F1 business journalist Christian Sylt, writing in the Telegraph, team boss Christian Horner revealed in Red Bull's latest accounts that it has "no plans or intentions that would materially affect the ordinary operations of the company within the next 12 months".
It is believed Red Bull's plan now is to plug the 2016 season with unbranded Renault power before switching to Formula 1's new 'client engine' supplier for 2017.
"It is fair to say that Red Bull has found a solution," Renault F1 chief Cyril Abiteboul said. "But first of all we have to decide on our participation in F1."
"What do we want to do? What will we do with Lotus? With Red Bull and Toro Rosso? I know what the rumours are but the decision is for our CEO."
It is understood that Renault president Carlos Ghosn will make a final decision before December 8.
The Telegraph report adds that Red Bull has become the first F1 team to spent $300 million last year, apparently more than any of their rivals.
The quadruple F1 world champions, who dominated the sport from 2010 to 2013, have spiralled down the pecking order with a below par Renault power plant and thus it is no surprise that the team’s biggest single cost was research and development spending, which amounted to $120 million.
Staff numbers rose by 19 to 694 and were collectively paid $95 million with team boss Christian Horner reportedly banking close to $4 million.
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