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Renault to return to F1 as racing team next year
French carmaker Renault will return to Formula One as a racing team in its own name next season after agreeing to take over Lotus. Renault, which has been an engine supplier to other teams in recent seasons, said in a statement that the principal contracts for the takeover were signed Thursday and it planned to finalize 'the terms of the acquisition of Lotus F1 Team in the shortest timeframe possible.' 'Renault had two options: to come back at 100 percent or leave. After a detailed study, I have decided that Renault will be in Formula One, starting 2016. Our ambition is to win -- even if it will take some time,' Renault Chairman and CEO Carlos Ghosn said. The announcement ends months of...
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