Renault has decided to return to full team ownership in Formula one. That is the claim of multiple international media sources, including France's Autonewsinfo, citing the confirmation of people close to the news. It appears the French carmaker has struck a deal with the Enstone based team currently known as Lotus, which until 2009 was already Renault's works outfit. The reports say Renault is initially buying back 51 per cent of the team from Gerard Lopez's Genii company, while quadruple world champion Alain Prost is set to play a key role. It is believed Renault will have to pay a financial penalty for breaching Lotus' existing engine contract with Mercedes. And the news will ramp up...
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