Renault to End F1 Engine Production by 2025
Renault to End F1 Engine Production by 2025

Renault to End F1 Engine Production by 2025

News summary

Renault has announced it will cease Formula 1 engine production after the 2025 season for financial reasons, while emphasizing that its Alpine team, described as a 'family jewel', is not for sale. CEO Luca de Meo stated that transitioning to a power unit from another manufacturer, likely Mercedes, makes financial sense, costing less than $20 million compared to the €200-250 million spent annually on engine production. He clarified that the decision is not a reflection of financial struggles but rather a strategic move to remain competitive under new regulations. De Meo also dismissed rumors regarding former team boss Flavio Briatore's involvement for a potential sale, insisting that Alpine's presence in F1 is critical for brand credibility. The team, with notable investors like Ryan Reynolds, aims to attract sponsorships and fan engagement, which he claims hinge more on the team and drivers rather than the engine itself. Despite receiving offers from financiers interested in entering F1, De Meo remains adamant about not selling the team.

Story Coverage
Bias Distribution
100% Center
Information Sources
a3544a73-dab3-486d-ae75-bd4d15f01f55
Center 100%
Coverage Details
Total News Sources
1
Left
0
Center
1
Right
0
Unrated
0
Last Updated
46 days ago
Bias Distribution
100% Center
Related News
Daily Index

Negative

20Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage

Related Topics

Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News