Committed until the end of 20072005 Champion Fernando Alonso is leaving the Renault team at the end of the 2006 season to join McLaren Mercedes and now it has emerged that the French car maker is to evaluate its participation in Formula One on a yearly basis.
Renault Chairman Carlos Ghosn has stated that as long as Formula One remains a good investment for Renault, the team will remain in the sport. "We are going to see how things go year by year,” AFP France report Ghosn as saying. “We`ll look at the situation in 2007, then 2008, and again in 2009. As long as we continue to offer a good spectacle, to have good results and to remain on the best level of Formula One, there are no questions to be posed about our future in F1.”
The team are committed to remain in the sport until the end of the current Concorde Agreement which expires at the end of 2007. For 2008 and beyond the future is less clear as Renault is one of the five manufacturers involved in the GPMA.
Laying out a three-year plan for the car maker, Ghosn announced ‘Renault Commitment 2009’ a growth plan whose ambition is to make and sustain Renault as the most profitable European volume car company.
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