Filed under: Earnings/Financials,Motorsports
Renault will stay in Formula One, interim Chief Executive Coltilde Delbos said on Friday after announcing the carmaker's restructuring measures including plans to cut 15,000 jobs worldwide. Renault's F1 future had been uncertain given the financial pressures on the French car giant and a slump in demand due to the COVID-19 pandemic. Renault finished fifth overall last season.
Continue reading Renault staying in Formula One despite massive restructuring
Renault staying in Formula One despite massive restructuring originally appeared on Autoblog on Fri, 29 May 2020 08:50:00 EDT. Please see our terms for use of feeds.
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