03/02/2016
NEWS STORY
Groupe Renault Chairman and CEO Carlos Ghosn today revealed Renault's complete motorsport plans at an event held at the Renault Technocentre in Guyancourt, France.
Renault Sport will be managed by two entities: Renault Sport Racing and Renault Sport Cars.
Renault Sport Racing will encompass all Renault's motorsport activities, including the Renault Sport Formula One Team, Renault e.dams, Formula Renault 2.0, Renault Sport R.S.01 Trophy, plus further customer racing and rallying programmes. Renault Sport Racing will cover operations at the two Renault motorsport sites at Enstone, UK, and Viry–Chatillon, France.
Renault Sport Cars, an evolution of Renault Sport Technologies, will manage the development and commercialisation of the Renault Sport car portfolio. Renault Sport is recognised worldwide for its excellence in hot hatches such as the Megane R.S. and Clio R.S. as well as efficient and accessible GTs including the new Megane GT. Renault Sport will develop its international footprint, brand appeal and portfolio growth with increased R&D investment.
Renault will use the new structure for two primary functions. Initially, it aims to promote the Renault Sport brand to a wider audience primarily using the Renault Sport Formula One Team and the global audience of F1. Secondly, it will use Formula E and racing activities such as the Clio Cup to showcase the image and design of other aspects of the Renault range such as electric vehicles.
Renault Sport Racing and Renault Sport Cars will work hand in hand to maximise technical and commercial synergies from track to road. The first demonstration of the relationship will be revealed at the Monaco Grand Prix.
"Motorsports still spark the imagination of both enthusiasts and everyday drivers, and we are putting a comprehensive program in place today," said Ghosn. "Formula 1 is a big part of our efforts to boost awareness of Renault, particularly in markets where Renault is a newcomer, and will enhance the transfer of technologies from the track to our road cars."
To ensure the operational autonomy required to perform in the fast moving racing and high performance environment with the strategic corporate objectives and requirements of Groupe Renault, a supervisory board has been created, which will be chaired by Ghosn.
Renault Sport Racing will be headed by Jerome Stoll as President, supported by Cyril Abiteboul as Managing Director. Frederic Vasseur will report to the latter as Racing Director, responsible for sporting and technical matters. Renault Sport Cars will be headed by Patrice Ratti as Managing Director. Guillaume Boisseau, Groupe Renault Brands Director, will lead the marketing efforts of the group to ensure the alignment and activation of the racing programs with Renault's marketing strategy.
At the core of the racing activities will be the newly-created Renault Sport Formula One Team. The new F1 challenger consists of the Renault R.S.16 chassis, developed and manufactured in Enstone, whilst the Renault R.E.16 power unit will continue to be developed in Viry-Chatillon.
A number of key appointments have been made in the F1 team to avoid any dilution of the specific requirements of Formula One. Bob Bell is appointed F1 Chief Technical Officer and will manage the efforts of Nick Chester as Chassis Technical Director and Remi Taffin as Engine Technical Director.
Kevin Magnussen and Jolyon Palmer are confirmed as Renault Sport Formula One Team's race drivers, and will be supported by Esteban Ocon, who joins the team as Third and Reserve Driver.
The team also announced its partner portfolio at the event. Renault-Nissan Alliance partner Infiniti will continue its journey in Formula One alongside Renault and will enhance its involvement through a specific technology program developing the second generation of energy recovery systems (ERS) for the F1 power unit.
The technical collaboration between Total and Renault will continue in 2016.
Renault also announced new partnerships with other prestigious brands, including premium watch supplier, Bell & Ross, revolutionary audio systems inventors, Devialet, clothing company Bestseller as well as continuing relationships with the F1 team's current partners, including Microsoft and EMC. Renault will continue its working relationship with Gravity Motorsports, an affiliate of the Genii Capital Group, which will retain a minority shareholding in the F1 team. Genii and Gravity worked tirelessly to ensure the team's survival in extremely difficult circumstances and Renault is pleased to recognize this commitment as Gerard Lopez remains a non-executive director of the team.
The Renault Sport Academy was also officially announced, with the double objective to find emerging talent that can be brought to Formula One and to provide an opportunity for Renault's markets to take an active role in the construction of tomorrow's sporting performance through promoting and following their local drivers.
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