Renault is holding an extraordinary board meeting today to discuss its future plans in Formula One.
Toyota pulled out of the sport earlier today and although Renault appears to be more committed than the Japanese squad, Toyota’s decision could allow Renault an easy escape route should it wish.
Renault’s reputation was tarnished earlier in the year after it admitted fixing the result of 2008’s Singapore grand prix. Driver Nelson Piquet agreed with engineer Pat Symonds and team principal Flavio Briatore that he would deliberately crash, and the resulting circumstances allowed his team mate Fernando Alonso to take victory.
It lost title sponsor ING as a result of the scandal, but watch maker TW Steel has been lined up as a replacement next year.
The firm has also signed Robert Kubica as its lead driver for next year to replace Fernando Alonso, who is moving to Ferrari.