Renault F1’s managing director Jean-Francois Caubet has denied claims the team is set to follow Toyota in quitting the sport.
The Renault board held an extraordinary meeting yesterday to discuss the firm’s future in light of Toyota’s pull out and has been widely tipped to follow suit after its reputation was tarnished following the ‘crashgate’ scandal.
Speaking to French sports daily L'Equipe, Caubet insisted the team remained committed to the sport and plans for next season were already well under way.
“We have already contracted our drivers, had our budget approved and are enrolled in the world championship,” he said. “Season 2010 has begun already.”
In the fall out from the ‘crashgate’ scandal at last year’s Singapore grand prix, the team was handed a two year suspended ban from the sport and it lost title sponsor ING.