News Details

No additional staff for Renault ahead of 2021 cap

Expecting a budget cap in 2021, Cyril Abiteboul says Renault will not bolster their staff numbers only to retrench in two years. Formula 1's powers-that-be are pushing for a budget cap come 2021, the year that the new Concorde Agreement comes into effect. This years many of the sport's bigger teams such as Mercedes, Ferrari and Red Bull will be forced into making redundancies to reduce their spending. And while for the next two years they can still use their enlarged work forces to make bigger gains against the likes of Renault, Abiteboul says his team won't be employing more people only to let them go. 'We know we have a huge deficit in resources against the teams that ultimately we want...
Full Story »
5y ago from PlanetF1.com 0
Share

You May Also Be Interested In...

Abiteboul: Redundancy plans could be major distraction...

Renault F1 team believes the distraction of Formula 1's top teams needing...
5y ago from GPBlog.com

Renault to benefit from budget cap redundancies?

It is estimated that when Formula One introduces its budget cap,...
5y ago from Pitpass.com

Ricciardo arrival compared to Alonso glory years

Renault boss Cyril Abiteboul has said the staff reaction to signing...
5y ago from PlanetF1.com

Ricciardo arrival puts Renault staff in a winning...

Renault Sport F1 boss Cyril Abiteboul says that Daniel Ricciardo's...
5y ago from F1i.com

Elsewhere On The Network

Popular On MGPToday.com

Fernandez to ride 2024 Aprilia MotoGP bike from Jerez...

Trackhouse Aprilia rider Raul Fernandez will ride the 2024 spec bike when...

Yamaha to bring brand new MotoGP bike at Jerez test

Fabio Quartararo and Alex Rins are set to test ride a brand-new Yamaha M1...

Popular On IndyCarToday.com

McLaughlin disputes IndyCar's claim that rules...

Scott McLaughlin was one of the two Team Penske IndyCar drivers that were...
12h ago from MotorsportWeek.c...

O’Ward retroactively given St. Pete win after Team...

The NTT IndyCar Series announced on Wednesday that all three Team Penske...
23h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Popular On GunnersToday.com

Flexibility breeds resilience

Jurrien Timber marked his return from injury this week with an outstanding...
2h ago from Arseblog.com

Comments

Hottest News

Audi agree LONG-TERM F1 deal with star driver

Audi have agreed a long-term deal for the first... Read More »
6h ago from GPFans.com

Rosberg reveals financial toll of rivalry with Hamilton

Nico Rosberg recently shed light on an intriguing... Read More »
3h ago from F1i.com

F1: Mercedes seeks to cure W15's 'underlying balance' issue

Admitting that the team was to blame for Lewis... Read More »
51m ago from Pitpass.com

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.