Renault has confirmed that its involvement in Formula 1 will come under internal scrutiny as the world’s largest car-maker looks to the future.
Away from the racetrack, Renault has gone through a turbulent period, with former CEO Carlos Ghosn arrested last year over claims of financial misconduct and his replacement Thierry Bollore recently voted out of the role by the board of directors.
Ghosn was crucial in leading Renault’s return to F1 in 2016, although the company’s investment has not resulted in a significant return on the track as yet.
Renault remain without a pole position, race win or even podium since returning to F1 and have this year seen ambitions of catching the top three teams on the grid – Ferrari, Mercedes and Red Bull – fall short, with fifth likely the limit of their ambitions.
Interim CEO Clotilde Delbos discussed Renault’s ownership of the Alpine brand and its F1 team in a conference call with investors following the recent publication of financial results.
“I’m not specifically targeting those two activities,” she said.
“But clearly the review of the ‘Drive the Future’ plan means we put [it] on the table.
“It’s like a normal process, it’s not a minor review, we’re launching a deep review of the ‘Drive the Future’ plan in order to take into account the new context of the market, the change in usage, mobility etc, and the current situation of the group.
“Everything can be on the table at some point. This is a deep review of our strategy and plan.”
Renault invested heavily to sign Daniel Ricciardo from Red Bull for this season and 2020, while Esteban Ocon has been confirmed on a two-year deal that will run to 2021.