One day after Toyota pulled out of Formula One, it emerged that Renault is also considering quitting the world’s most glamorous contest. The company’s board met on Wednesday specifically to discuss the issue. And it is difficult to blame them: Renault lost $4 billion in the first-half of the year, and last year its Formula One team cost $394 million. Add to it a crippling Renault team scandal after which the team’s boss, Flavio Briatore, was banned for life, and one shouldn’t be surprised that Renault’s appetite for racing in a year of survival is not very large. Couple it with Formula One owner, Bernie Ecclestone’s, despotism and the future doesn’t look very bright for the ultimate racing. Read more: BusinessWeek
While we have your attention...
An increasingly rare commodity, quality independent journalism costs money - though not nearly as much as its absence.
Every article, every day, is our contribution to Defending Truth in South Africa. If you would like to join us on this mission, you could do much worse than support Daily Maverick's quest by becoming a Maverick Insider.
Click here to become a Maverick Insider and get a closer look at the Truth.
Towns near Fukushima are now being plagued by hordes of rampaging radioactive wild boars. Where are Asterix and Obelix when you need them?