Formula One news

Briatore renews Renault contract

Flavio Briatore has renewed his contract with the Renault F1 team for the 2007 and 2008 seasons. The flamboyant 56-year-old has been in charge of Renault's F1 team since it acquired the Benetton team in 2000. 

The team also confirmed that it's senior staff would also stay put including technical director Bob Bell, engineering chief Pat Symonds, and engine boss Rob White. 

"Under Flavio's leadership, the team achieved a remarkable double in 2005 by winning the Drivers' and Constructors' championships, and maintaining that competitiveness in 2006," Renault President Carlos Ghosn commented. "I am counting on the determination, talent and effectiveness of Flavio and the entire Renault F1 Team, under the Presidency of Alain Dassas, to once again take Renault to the forefront of Formula 1." 

Flavio Briatore said: "I am delighted to continue to lead Renault's Formula 1 challenge. It is an honour to be working for one of the top global companies, and with one of the world's leading managers. The commitment and enthusiasm Carlos Ghosn has shown for the Formula 1 project over the past year has been a key factor in my decision."

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