The Renault Formula 1 team already has a buyer, or at least an investor, in the wings with Russian billionaire Dmitry Mazepin linked to a under-fire team. Renault is one of many Formula 1 teams reportedly in financial trouble, however, the team's bank balance isn't being helped by issues with its parent company in France. Renault is set to make financial cuts to the tune of $2.2 billion with the carmaker closes factories around France and potentially shutting the door on its F1 team. An announcement is expected later this week. However, the F1 team's managing director Cyril Abiteboul is confident the Enstone team is safe especially after Formula 1 agreed to slash its budget cap. He told...
Full Story »