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
Marc Marquez: 'It's not that the others are going...
No description available...
2h ago from Motorsport.com
Pedro Acosta ‘barely makes it through’ to Q2 after...
No description available...
2h ago from Motorsport.com
Guenther Steiner: 'Maverick Vinales must stay away...
No description available...
3h ago from Motorsport.com
What’s behind Honda’s pace-setting speed in French...
No description available...
3h ago from Motorsport.com
Popular On IndyCarToday.com
Second IndyCar practice at IMS headed up by Alex Palou
IndyCar took to the Indianapolis Motor Speedway road course for the...
1h ago from MotorsportWeek.c...
Palou secures early advantage in first IndyCar...
The NTT IndyCar Series completed its first official session of the Month...
5h ago from MotorsportWeek.c...
How to watch IndyCar 2026 Indy GP: Weekend schedule,...
No description available...
1d ago from Motorsport.com
Conor Daly tops Indy 500 test with 225mph lap on...
No description available...
21h ago from Motorsport.com
Popular On TotalWRC.com
WRC Portugal: Adrien Fourmaux off gives Sebastien...
No description available...
3h ago from Motorsport.com
Dani Sordo questions “stupid” WRC tyre rules amid...
No description available...
7h ago from Motorsport.com
WRC Portugal: Hyundai on top as overnight leader...
No description available...
8h ago from Motorsport.com
Oliver Solberg snatches early advantage in Portugal
Oliver Solberg made a strong start to Rally de Portugal, ending...
14h ago from MotorsportWeek.c...
Popular On GunnersToday.com
Arsenal eye move for 40m defender as Dortmund enter...
Arsenal are interested in signing the Spanish defender Yarek Gasiorowski...
2h ago from CaughtOffside.com
Liverpool eye £73.5m Arsenal target as Salah...
Liverpool are interested in signing the Porto attacker Victor Froholdt....
3h ago from CaughtOffside.com
Months after criticising Arsenal for celebrating too...
Back in February, Chelsea legend John Terry claimed Arsenal celebrated too...
4h ago from SportsKeeda.com
Arteta: I will put criticism of Arsenal's celebrations...
Mikel Arteta said he will put criticism of Arsenal's celebrations...
4h ago from SkySports.com
Comments
Hottest News
Lewis Hamilton ditches Ferrari F1 simulator after setup fury
Lewis Hamilton has announced he will temporarily... Read More »
1h ago from GPFans.com
F1 star slams McLaren strategy: 'They just drain rival...
Although Christijan Albers is impressed by what... Read More »
2h ago from GPFans.com
F1 Saudi Arabian GP return deadline reportedly set
Reports suggest that F might take a decision on... Read More »
1h ago from MotorsportWeek.com
