Renault yet to decide on F1 participation

Renault have called for patience as the French manufacturer weighs up the pros and cons of following Toyota out of Formula One.

On Wednesday, Toyota announced their immediate withdrawal from Formula One, citing the "current severe economic realities" for their decision.

Hours later another team, Renault, appeared to be facing the same fate as the French carmakers held an extraordinary board meeting to discuss its future plans.

And with the recent Singapore race-fixing scandal fresh in the minds as well as the two-year suspended ban hanging over their heads, many are predicting Renault will be the next team to walk away.

However, Renault Chief Executive Carlos Ghosn has revealed that no decision was made on Wednesday, although one will be forthcoming before the year is out.

"You will have to be patient," Ghosn told Reuters.

"We will make an announcement on our participation in Formula 1 before the end of the year."

Should Renault quit Formula One, they will become the fourth major manufacturer to leave, joining Honda, BMW and Toyota.

Source: Renault yet to decide on F1 participation - Planet-F1 News - from planet-f1.com