F1

Formula One 'highly profitable' for engine supplier Renault

Global Motorsport Media

French carmaker Renault is entirely happy with its involvement in Formula One, despite its name finally disappearing from the teams' entry list for 2012.

Engine supplier Renault
Engine supplier Renault

Photo by: xpb.cc

The marque is now purely an engine supplier, with a close relationship with world champions Red Bull and 'customer' deals in place for 2012 with Lotus, Williams and Caterham.

Renault SA's commitment as a full works team began to waver two years ago, but new chief operating officer Carlos Tavares now insists F1 is "highly profitable" for the manufacturer.

"It costs us a net investment amount of two digits (in millions of euros)," he is quoted as saying by the French website 20minutes.fr.

"A long time ago I gave up the idea of making calculations on the profitability of F1, because this is an investment that is highly profitable."

Tavares also said he is happy with F1's new direction for 2014, with the current V8s being replaced by turbo V6 engines.

Write a comment
Show comments
About this article
Series F1
Tags caterham, lotus, red bull, renault, tavares, williams

User photos

Motorheart
F1

Motorheart

1 photos
momomoy52
F1

momomoy52

18 photos
sleboz
F1

sleboz

4 photos
EuroRacer
F1

EuroRacer

45 photos
Josefine Lißner
F1

Josefine Lißner

1 photos
hanmerdesign
F1

hanmerdesign

9 photos
Evan_DeCiren
F1

Evan_DeCiren

30 photos
colfox72
F1

colfox72

1 photos
Upload photo