Renault Announces Return to Formula 1 in 2016: Latest Details and Reaction

Renault is to make its return to Formula One in 2016 as a constructor having completed the takeover of the Lotus team.The news was confirmed on Thursday, with Renault chairman Carlos Ghosn stating his intention to produce a winning car:Even at the season-ending Abu Dhabi Grand Prix, the return of the historic French manufacturer to the sport hung in the balance.Per BBC Sport's Andrew Benson, a dispute over prize money with F1 chief Bernie Ecclestone threatened to jeopardise the long-running negotiations.However, Renault's return to the sport has now been confirmed with the "principal contracts" having been signed on Thursday, per the company press release.The takeover of the Oxfordshire-based Lotus team has not been full...

Read Complete Article at Bleacher Report - Motorsports
Article is property of BleacherReport.com