Renault will cease production of Formula One engines at its Viry-Chatillon factory after the 2025 season, with its Alpine team set to adopt power units from a different manufacturer. The French carmaker plans to transform the facility into an engineering hub, while the employees will be offered new positions within Alpine Hypertech. While the announcement did not mention a specific engine supplier, speculation points towards Mercedes.
Former Alpine boss Flavio Briatore has reassured fans that the struggling Formula One team is not for sale, despite its recent struggles. He believes the team, which has been plagued by mismanagement, needs a fresh injection of young talent and passion to return to the podium. Briatore and new Alpine principal Oliver Oakes discussed the team’s future, outlining a plan that prioritizes a strong team culture and building a competitive car.
Alpine Formula One team principal Bruno Famin will be leaving his role at the end of August to focus on other motorsport activities within the Renault Group. Famin’s departure comes after a challenging start to the season for Alpine, who are currently eighth in the constructors’ championship.
Ayrton Senna’s maiden Formula 1 victory at the 1985 Portuguese Grand Prix was a testament to his exceptional talent and determination. Despite challenging wet weather conditions, Senna dominated the race from start to finish, showcasing his prowess as a master of wet-weather driving. This victory marked a significant milestone in his illustrious career and remains a cherished memory for fans around the world.
Renault’s first-quarter revenue rose 1.8% to €11.7 billion, exceeding analyst expectations. The increase was driven by higher financing revenue and a 2.6% growth in car sales volumes. However, automotive revenue declined slightly by 0.7% due to unfavorable exchange rates and increased destocking by dealers. Renault’s optimism remains high for accelerated sales growth in 2024 with upcoming new model launches. The automaker reaffirmed its financial targets of a 7.5% profit margin and €2.5 billion cash flow forecast, while continuing to focus on cost reduction measures.
French carmaker Renault reported a 1.8% increase in first-quarter revenue, driven by strong performance in its financing business. The revenue growth was higher than anticipated, despite a decline in core automotive sales. Renault sold 549,099 units during the period, with revenue reaching 11.7 billion euros.
Renault reported a 1.8% increase in its first-quarter revenue, with strong performance in its financing business offsetting a drop in core automotive sales. Despite a challenging global auto sector, the group’s sales volumes returned to growth, reaching 549,099 units. However, pricing pressures remain due to weak demand and competition from Tesla’s price cuts.
