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Renault and Mercedes confirm plans to stay committed to Formula 1

Mercedes and Renault have both moved to deny the recent exit rumours that suggested that the German and the French manufacturer could leave Formula 1 due to the financial challenges presented by the coronavirus outbreak. As a result of the COVID-19 pandemic, Renault has announced nearly 15,000 job losses in the wake of plummeting car sales. With McLaren joining forces with Mercedes as of 2021, Renault will be left without a costumer team to supply with its power units. The situation prompted rumours to circle, suggesting that the French manufacturer could turn its back on Formula 1 after reviewing its financial plans for the foreseeable future. The French manufacturer has revealed that the...
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