Renault managing director Cyril Abiteboul believes the cash boost from his team's new title sponsor helps secure their future in F1. Ahead of the Australian Grand Prix it was announced that Renault had signed a new multi-year deal with Dubai logistics company DP World, prompting some tweaks to its 2020 black-and-yellow livery. But the current Concorde Agreement which all teams must sign up to expires after this year, and Renault are not yet committed to signing up to the new one. This deal does though give the team a financial boost, and that along with the lower operating costs and fairer prize money distribution promised from 2021, gives Abiteboul confidence that Renault will remain in...
Full Story »