Recently departed Renault F1 boss Jean-Michel Jalinier says the struggling French marque was out-spent as the sport entered its new V6 era.
Dominant with Red Bull at the tail-end of the long normally-aspirated 'engine' era, Renault has struggled against the new might of Mercedes as the German company mastered its first 'power unit' for 2014.
Frenchman Jalinier, former president and managing director, retired for "personal reasons" last month, but his departure was also interpreted amid Renault's restructuring as it looks to return to top form in 2015 and beyond.
But Jalinier said the pecking order in 2014 is more about Renault and Ferrari's conventional approach to the new...
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