Renault have set the target of claiming podium finishes within three years with the returning former champions braced for a "rebuilding" season in 2016. The French car giants formally launched their return as an F1 constructor at a ceremony in Paris and announced a new structure for the team formerly known as Lotus as well as the company's wider motorsport activities. But although Renault become just the third 'works' team on the grid after Mercedes and Ferrari, they only completed their takeover in December and were keen to manage short-term expectations at Wednesday's car launch. "The team has been given the goal to be on podium within three years," said Renault...
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