By Kristien Barker
April 20 2006

Renault F1 have hinted that they are ready to commit themselves long term to F1 racing. This comes after constant speculation that the Anglo-French outfit will withdraw from the sport at the end of the season Renault’s new F1 president Alain Dassas has came out and hinted that the Renault F1 team could and wants to be in F1 racing in the future. Renault have been one of the main teams on the grid that are strongly campaigning about the high costs of the sport.

"We have already signed up for 2008, which means we want to continue,” said Alain Dassas .

“Formula 1 is a passion for a majority of Renault's employees, and the sport is known around the world.

“But we are realistic as well: before committing to the future, every company needs not only good product – which we have – but also sensible cost control.

“By June, we should know the new economic equation. If we have achieved the savings we want, then we will be able to make a detailed commitment for the future.”


Dassas went on to say, “We can make savings in these direct costs while maintaining our sponsorship levels and improving the central distribution of revenue from television rights.”

The engine definitions and private testing are the two areas where we can most obviously make significant savings,” he said.

“The future technical regulations must impose stricter limits on all the competitors, and allow us to reduce our spending in order to find the improved financial equilibrium we want.

“All of the teams, including Ferrari, wish to reduce the cost of their Formula 1 programmes," he added.

“The correct balance must be found: we want to keep the quality of the show we offer, but stop the technological ‘arms race' we see at the moment.”

Hopefully the Costs of the sport will be reduced and the Renault f1 team will remain as they are having remarkable success in the sport at the moment, winning both championships last season, currently leading both championships with their drivers first and second in the rankings.