Renault's F1 future remains on hold

Fri Nov 27, 2015 12:00pm EST
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By Alan Baldwin

ABU DHABI (Reuters) - Renault's Formula One future will remain uncertain into next week at least with the carmaker on Friday ruling out any announcement at the season-ending Abu Dhabi Grand Prix.

Renault Sport managing director Cyril Abiteboul told reporters there would be no news this weekend about the company's intentions, including a long-awaited takeover of the struggling Lotus team.

"There will be an announcement, very likely, in the course of next week," he added.

"We always said we would like to do that after the season -- the season is ending on Sunday -- around the start of December, so we will stick to that plan."

Lotus, the team previously owned by Renault, are due back in the London High Court on Dec. 7 in a postponed hearing brought by the British tax authorities seeking to put them into administration.

Renault chief executive Carlos Ghosn has said the carmaker, whose current involvement in the sport is limited to supplying engines to Red Bull and Toro Rosso, will either get more involved or withdraw.

The situation appeared to be resolved a few months ago, when Renault provided a letter of intent to the High Court and seconded staff to work with Mercedes-powered Lotus at their Enstone factory in central England.

However, doubt has increased since then.   Continued...