Renault will be returning to Formula 1. The French manufacturer, who won two titles alng Fernando Alonso, is now decided to come back in the game. And it will do it soon, because Groupe Renault and Gravity Motorsport, an affiliate of Genii Capital SA, completed the acquisition by French`s of a controlling shareholding of Lotus F1 Team Limited.
The new team name, full management structure, team partners and other details will be announced during an event to be held in Paris in February. A new force will emerge to challenge Ferrari, MEredes and McLaren.
In the interim, a new board of directors has been appointed, with Jérôme Stoll as Chairman and Cyril Abiteboul as Managing Director.
The technical teams are making good progress to have the 2016 car ready for testing in Barcelona at the end of February.