No Renault announcements imminent

(GMM) An agreement to sell Renault's formula one team to Prodrive is unlikely to be confirmed imminently.

In the wake of reports (see related rumor) that the French carmaker is considering selling its Enstone (UK) chassis-making facility and F1 entry to David Richards' company, it was whispered that an announcement might be forthcoming almost immediately.

But while it is true that high level meetings are taking place on Thursday in Paris, final decisions about Renault's commitment to the sport cannot be made for several days.

Indeed, it is believed the next meeting of the full Renault SA board is scheduled for December 14, which is realistically the earliest date on which formal announcements can be made.