ING unhappy with Renault’s F1 results

The Dutch bank ING, title sponsor of the Renault F1 team, has said it is unhappy with the team's performance in 2007. The company started its three-year-deal with Renault in 2007 and is investing around 65 million euro per year in Formula 1.

ING's Formula 1 coordinator Isabell Connor told Dutch newspaper Parool: "We signed a contract with Renault that includes a performance clause where Renault is being seen as a top three team."

The Renault F1 team though finished just once on the podium in 2007 when Heikki Kovalainen finished second in the Japanese Grand Prix.

ING is happy though about the results of the bank's sponsorship exposure.