Renault considers leaving Formula One

Renault have announced that it was considering all options with its future in the Formula One  sport, including quitting F1 racing entirely.

In an announcement made ahead of the Malaysian Grand Prix, Renault managing director Cyril Abiteboul said that the company had to consider its long term strategy and that if F1 wasn’t benefiting the company’s reputation then they would consider “calling it a day and getting out of Formula One.”

Renault have been having considerable problems with their F1 car engine this season,  which has been described as “undriveable” by team principal Christian Horner and many arguments between sponsors Red Bull and car manufacturers have taken place over the last few days.

Abiteboul also said that the manufacturer would have a look at whether F1 still offered Renault financial incentives in terms of engine development, compared to what it cost the company.