SportBusiness.com

RENAULT QUITS GPMA

Formula One team Renault has resigned from F1 pressure group the Grand Prix Manufacturers’ Association (GPMA) with immediate effect.

The GPMA was originally set up to fight for a fairer share of commercial revenues in the sport – a battle it has seemingly achieved after a deal was signed with F1 supremo Bernie Ecclestone.

A Renault spokesman said: “Renault believes that in order to achieve constructive dialogue with the FIA on the future direction of the sport, it is important to work in consultation with all manufacturers participating in Formula 1, including Ferrari and Toyota.

“Renault has reinforced its long-term commitment to the sport through an engine supply deal with Red Bull Racing beginning in 2007, and looks forward to collaborating with its fellow manufacturers and the FIA on a future vision for the sport that will produce an improved on-track show; and generate meaningful cost reductions for the long-term sustainability of the sport.”

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