Base bought Lotus F1 Renault, based on it will form a new team. For it had to pay EUR 100 million, and the transaction was completed on December 3 this year.
«Renault has had only two options: to return to the» Formula 1 «with 100 percent participation or withdraw from the championship. After in-depth study of the situation, I decided that we go to the start, starting from 2016. The final details provided by the major shareholders of „Formula 1“, gave us confidence that we can accept this new challenge. Our goal — to win, even if it takes some time, „- said General Director of Renault-Nissan, Carlos Ghosn.
Renault has had a team in the Royal race from 1977 to 1985 and 2002 to 2010. But in 2010, she was sold to Lotus, Renault and only supplied their engines (up to 2015).