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Renault to purchase Lotus and return to the grid in 2016
Looks like Renault will be returning to the Formula 1 grid in 2016 as a full works manufacturer after today signing a letter of intent (which can be found HERE) confirming plans to acquire a controlling stake in the Lotus F1 team. It’s been a much rumoured move after the recent money problems and debt the Lotus team found itself in threatened its future in the sport. Renault last ran in Formula 1 during 2002 through till 2010, during which it claimed 2 World Drivers Championships with Fernando Alonso and 2 Constructors Championships back to back in 2005 and 2006. At the end of 2010 Renault sold its final shares in the team to Genii Capital, who ran the team as Lotus. Lotus were due to...
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