Thursday, May 14, 2009

Renault join Ferrari threat to quit F1

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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