PARIS: Renault will stay in Formula One, interim Chief Executive Coltilde Delbos said on Friday after announcing the carmaker's restructuring measures including plans to cut 15,000 jobs worldwide.Advertisement
Renault's F1 future had been uncertain given the financial pressures on the French car giant and a slump in demand due to the COVID-19 pandemic. A major package of technical and sporting rule changes is due in 2022 which the sport hopes will narrow the gap between the top teams and the rest and make racing more sustainable.
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