Renault announces the creation of Renault Sport F1, the sporting division that will beÂ responsible for Renaultâ€™s involvement in Formula 1â„¢ racing as a supplier of engines andÂ technology for the 2011 season and beyond. Renault Sport F1 will supply three teams inÂ 2011, which equates to 25% of the grid.
As well as supplying engines, Renault Sport F1 will conduct advanced research studies with its partners, as well as engineering programmes in areas such as transmissions and kinetic energy recovery systems (KERS).
The new division will put forward Renaultâ€™s technological response to the challenge raised by the new F1â„¢ regulations on engines. It will be a laboratory for developing technologies that better respect the environment, applicable to combustion and electric powertrains as well as to production models.
Renault Sport F1 will operate from Viry-ChÃ¢tillon, Renaultâ€™s traditional F1â„¢ racing base. Its Chairman will be Bernard Rey, a member of Renaultâ€™s Management Committee.
The creation of Renault Sport F1 follows Renaultâ€™s decision to sell its minority stake in Renault F1 Team to Genii Capital. Renault will continue to provide strong support for the Enstone team as a supplier of engines, as well as technological and engineering expertise.
Renault has taken part in 29 F1â„¢ racing seasons, winning nine Constructorsâ€™ world champion titles, most recently with Red Bull Racing in 2010. Renault engines secured 23 podium finishes in 2010, including a historic 1-2-3 at the Formula 1 Grand Prix de Monaco 2010. Renault engines have won three of the last six world championships.