Renault and Red Bull provide end-of-year cheer for F1
By Alan Baldwin
LONDON (Reuters) - Two of the longest running sagas of the Formula One season have ended in the space of 24 hours and, with Renault and Red Bull's involvement no longer in doubt, the future looks a whole lot brighter going into the European winter.
Formula One is never far from a crisis and still has plenty of problems to resolve, not least ensuring its engines are both affordable and available, but it can now look forward to 2016 with some confidence.
Renault, who had been mulling whether to walk away or raise their commitment by returning as a full constructor, announced on Thursday that they were following through with the purchase of struggling Lotus.
Had they not done so, a third of the staff at the Lotus factory in central England would likely have lost their jobs, with many questioning the team's ability to survive.
Instead, there is likely to be much more investment and stability for former champions who had struggled to pay the most basic of bills, faced bailiffs in Belgium and were locked out of their paddock hospitality in Japan.
Red Bull and sister team Toro Rosso had warned they could walk away if they failed to secure a competitive engine following a falling-out with current engine partner Renault. Continued...