Skies over Enstone weren't so clear of clouds in the last months of quarantine: with the announcement of 15.000 jobs to be cut inside Renault (4.600 only in motherland France), the future of the F1 branch of the French manufacturer wasn't so certain.
But suddenly the change in the post-2021 cost cap, have opened the gates to the chance of a decision at the highest levels of the management. The first to be quoted from Motorsport.com is the CFO and Executive Vice President Clotilde Delbos: the budget cap restricted from $ 145 mln to $ 35 mln by 2023, has come to the attention of the woman in charge of the 'wallet'.
The announcement of new regulations on spending limits is very good for us because we will have to invest less in this discipline than some of our competitors who spend a lot of money
Team Principal Cyril Abiteboul went more under: defending the branch as a core strategy activity without that the brand cannot go forward.
Motorsport has a unique value and contribution into it. That's why we believe in it, just like we believe in a number of marketing activities, except that it's sport, except that it's been a core of technology. That's racing, that's emotion also, and Renault stands for emotion. So all of that means a lot. And that's why we've been in this for decades and we intend to do so for very long