Renault are close to announcing their future in Formula One. There has been much debate over the French engine manufacturers response to finding themselves behind the curve on developing the new V6 Turbo Hybrid engine they pushed the FIA hard to introduce.
Both Renault and Red Bull have been at public loggerheads over the performance of their power unit, and both parties have threatened to quit F1.
Despite being offered the opportunity to buy Faenza based Toro Rosso, TJ13 has learned that Renault’s historic links with the Enstone team has become the focus of their future F1 aspirations.
Genii investors in Lotus have refused to fund the team further and Gerard Lopez, once ever present at F1 race weekends, has been conspicuous by his absence this season in the F1 paddock.
The Lotus team is facing a creditor winding up order at present, which could see Renault play the role of savior and at the same time receive a heavily discounted acquisition price back into team ownership.
Red Bull billionaire owner – Dietrich Mateschitz – earlier this year offered Renault the opportunity to buy Torro Rosso for around $300m.
TJ13 has also repeatedly reported that Red Bull Racing have been developing a facility at their Milton Keynes base which will facilitate F1 engine production.
Both Renault and Red Bull have apparently decided the end of their partnership is nigh – and it is now a matter of time as to when they announce the end of their current engine deal.
Red Bull are committed to purchase Renault engines in 2016, however if Renault complete the deal for Lotus this will mean another year of ‘second best’ treatment for the quadruple winning F1 constructor.
Staff in Milton Keynes are said to be expecting an imminent announcement as to the future direction of their employer’s F1 ambitions.