The ING Renault F1 Team today signalled its arrival in Formula 1 in style, with a spectacular media presentation in front of 600 VIPs and media in Amsterdam. Winners of consecutive world championships in 2005 and 2006, the team proudly unveiled new title partner ING and the striking new livery that will adorn the R27 cars throughout the 2007 season and beyond.

Renault F1 Team President Alain Dassas spoke of "exciting challenges" for the coming season, which will see the team's championship campaign spearheaded by Italian Giancarlo Fisichella, in his third season with the team, and Finnish rookie Heikki Kovalainen.

"Double championship success in 2005 and 2006 has earned Renault its status as a major force in Formula 1," asserted Dassas. "Our Formula 1 championship success is a benchmark of excellence that we aim to meet in every area of our operations. The Renault F1 Team's performance culture reflects the ambitious objectives of our company-wide plan, Renault Commitment 2009. Consecutive double championships are concrete proof that Renault can win in a demanding environment where success demands quality, technical excellence and reliability.

"We must now live up to that reputation. The team will present a fresh face to the world with the arrival of ING as our new title partner, and we are proud to welcome this major, global financial institution to Formula 1. But on track, our challenge will remain the same: we will be asking our technical teams and
drivers to make Renault a championship contender in 2007."

After evaluating the three top teams in Formula 1, ING selected the Renault F1 Team as the perfect fit for its first global marketing campaign. With a reach of 60 million clients around the world, ING is seeking to exploit its significant investment in Formula 1, which will also include title sponsorship of the opening round of the season in Australia, to grow brand awareness globally. The Renault F1 Team's track record as a proven winner was a decisive factor in their decision to sponsor the reigning world champions.

"Our Formula 1 programme is a global sponsorship initiative which will help us to enhance the awareness of one unified ING brand worldwide." explained Tilmant. "Formula 1 is currently the best platform for a global sponsorship programme, as it has the potential to reach a broad customer base. We chose Renault for its track record as a high-performing team. We are convinced that teaming up with the Renault F1 Team fosters our objectives of encouraging teamwork, performance culture and permanent progress. I am confident that the ING Renault F1 Team will remain highly competitive in the coming years. I wish the team a lot of success in the coming season".

The ING Renault F1 Team's 2007 challenger has been christened R27. The new car represents an evolution of the design philosophy that won world championship success in 2005 and 2006. Every part of the car has been designed to meet demanding performance criteria that will enable the team to maintain its front-running performance. The aerodynamic packaging represents a further step forward over its predecessor in terms of overall efficiency, and innovative solutions have been employed in a number of areas to achieve improved performance under stable technical regulations. The car also features a new ‘instantaneous gearchange' seven-speed gearbox, and has been designed with maximum set-up flexibility in order that its dynamic characteristics can be tuned to suit the Bridgestone Potenza tyres that will be used by every team in 2007.

"I am very proud of the team's work on R27," commented Technical Director Bob Bell. "We have enjoyed two seasons of remarkable success, but there is
no complacency at all at Renault. Finding performance under stable regulations always obeys the law of diminishing returns, but our technical group has worked hard to innovate and ensure that the new car represents a genuine step forward over its predecessor in every area.