Renault Boss: It's Clear We're Losing Money, but Alpine Is Staying in Formula 1
4 Articles
4 Articles
Renault Group CEO Francois Provo has reiterated that Alpine will remain in Formula 1 and dismissed speculation that the team will be sold. Provo made the statement during the press day of the Paris Motor Show, emphasizing the fact that Renault is the only French car manufacturer participating in Formula 1. "To have a full return on investment, television must show our cars more often," Provo explained to BFM TV. "Then you can see the real effect…
Renault Group CEO Francois Provo has confirmed Alpin will remain in Formula 1 and dismissed speculation that the team will be sold.
Formula 1: Renault no longer hides the financial difficulties of its commitment in Formula 1. François Provost, the managing director of the French group, has (...)...
Renault no longer hides the financial difficulties of its commitment in Formula 1. François Provost, the general manager of the French group, acknowledged that the Alpine F1 programme was currently in deficit, while reaffirming his willingness to continue the adventure in the discipline. Present at the Paris Motor Show, the manager explained that the profitability of this investment depended directly on the sports performance of the team, which …
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