F1 News
Caubet more positive about Renault's future
Renault's managing director Jean-François Caubet has offered a more positive outlook on Renault's F1 future, revealing that the team's budget for next season has been approved.
Following Wednesday's extraordinary board meeting, Renault's participation in Formula One was thrown into even more doubt as the team's chief executive Carlos Ghosn refused to commit to the sport.
"You will have to be patient," Ghosn told Reuters. "We will make an announcement on our participation in Formula 1 before the end of the year."
However, Caubet, the team's managing director, insists Renault's preparations for next year's Championship are already in full swing.
"We have already signed our drivers, our budget has been approved," Caubet told L'Équipe. "Season 2010 has begun already. We will not be World Champions in 2010, but we do have hopes to improve."
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