Renault chief executive Carlos Ghosn says the company will work to reduce the cost of its new engine that is to be introduced into F1 for the 2014 season.The Renault unit is rumoured to be one of the most expensive options for next year at a time when engine costs are set to rise with the introduction of new, 1.6-litre turbo-charged units to replace the current 2.4-litre.Speaking following the announcement that Toro Rosso has signed up to use Renault power next year, Ghosn admitted that there were concerns over the costs of the new units but insisted that the company was doing it what it could be bring those costs down."There is some concern about the cost of the engine, I understand...
Full Story »