Op-Ed: On Renault’s official response

Renault’s Chief Executive, Carlos Ghosn, has made a statement to Reuters news agency that a decision about the French car maker’s involvement in F1 would be made before the end of 2009. “You will have to be patient,” Renault Chief Executive Carlos Ghosn told reporters. “We will make an announcement on our participation in Formula 1before the end of the year.” In a previous statement by Managing Director Jean-François Caubet, it was suggested that Renault was staying put in F1 and has defined their budget as well as signed their drivers for the 2010 season. Certainly one would see Caubet’s comments as matter-of-fact and in the hopeful column but Ghosn’s words are more cautious–more calculated. You would expect nothi...

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