Mecachrome has tonight issued a denial following claims in a Swiss publication, and subsequently repeated by Global Motorsports Media (GMM) - an Australian-based F1 website content supplier - that it is withdrawing from Formula One after announcing deepening financial losses.

The statement reads as follows:

"Mecachrome France categorically refutes the news report, first published in Swiss-based Motorsport Aktuell and repeated on August 18, 2008 in Global Motorsports Media and on Update F1.com, that the Company is withdrawing from Formula 1 racing following Renault's decision to supply its own high-performance components.

The agreement entered into by these two companies continues to run its course and Mecachrome is, at present, actively cooperating in the development of these high-performance components for Renault."

LATEST NEWS

more news >

LATEST IMAGES

galleries >

Click to go to the main galleries section

POST A COMMENT

or Register for a Pitpass ID to have your say

Please note that all posts are reactively moderated and must adhere to the site's posting rules and etiquette.

Post your comment

Sign in or register for a Pitpass ID to leave a comment here!

post comment

READERS COMMENTS

No comments posted as yet, would you like to be the first to have your say?

Mecachrome denies F1 withdrawal

LATEST NEWS

RELATED ARTICLES

LATEST IMAGES

POST A COMMENT

Post your comment

READERS COMMENTS

Share this page