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DATE News (chronologically)
05/13/09
f1
Now Renault to join F1 quit threat UPDATE #2
Renault statement in Full:

Renault and ING Renault F1 Team Statement - 13 MAY 2009

The decision of the Federation International de l’Automobile (FIA) to introduce two sets of Formula One technical regulations for the 2010 Formula One season has caused the Renault Group to reconsider its entry in next year’s FIA Formula One World Championship.

There is frustration that FOTA’s constructive proposals, including major cost saving measures to be adopted progressively between 2009 and 2012, which were carefully constructed by FOTA members, have been completely ignored without any form of consultation by the FIA with the teams.

It should be stressed that FOTA has set the same, if not lower, financial objective as the FIA, but Renault strongly believes that this must be introduced through a different procedure agreed by all parties.

Renault also believes that it is paramount that the governance of the sport is coordinated with a spirit of consultation with all parties (FIA, FOM, FOTA) in order to achieve a better balance between the costs and the revenues. Renault is also of the firm view that all entrants in the World Championship must adhere to and operate under the same regulations.

President of the ING Renault F1 Team, Bernard Rey, commented: “Renault has always considered Formula One as the pinnacle of motor sport and the perfect stage to demonstrate technical excellence. We remain committed to the sport, however we cannot be involved in a championship operating with different sets of rules, and if such rules are put into effect, we will be forced to pull out at the end of this season.”

ING Renault F1 Team Managing Director, Flavio Briatore, commented: “Our aim is to reduce costs while maintaining the high standards that make Formula One one of the most prestigious brands on the market. We want to achieve this in a coordinated manner with the regulatory and commercial bodies, and we refuse to accept unilateral governance handed out by the FIA. If the decisions announced by the World Council on the 29th of April 2009 are not revised, we have no choice but to withdraw from the FIA Formula One World Championship at the end of 2009.”

05/13/09 (GMM)  As was expected on Wednesday, Renault confirmed that it too is threatening to quit formula one over the budget cap issue.

The Flavio Briatore-led outfit said it is the two-tier element of Max Mosley's 2010 rules that has caused its French parent to "reconsider its entry in next year's" world championship.

In a statement, Renault also complained that FOTA's cost-saving proposals have been "completely ignored", while it also wants "a better balance between the costs and the revenues".

"We remain committed to the sport, however we cannot be involved in a championship operating with different sets of rules, and if such rules are put into effect, we will be forced to pull out at the end of this season," said Renault team president Bernard Rey.

Briatore added: "We refuse to accept unilateral governance handed out by the FIA."

05/13/09 (GMM)  Renault could be the next car manufacturer to threaten to quit formula one at the end of 2009.

Ferrari, F1's oldest and most famous name, sent the specialist and mainstream media into a spin on Tuesday by announcing that the FIA's budget cap plans for 2010 will lead to its withdrawal from the sport.

Toyota and Red Bull have made similar threats, while Mario Theissen said last week that the new regime would likely lead to the BMW board reassessing its commitment to F1.

Le Figaro is a leading French morning daily, and it claims: "According to our information, Renault will announce the same decision (as Ferrari's) on Wednesday."

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