Renault "the main beneficiary" of F1's 2021 overhaul

Renault Formula 1 team principal Cyril Abiteboul believes the 2021 regulations and new Concorde Agreement will boost F1's chances of keeping the French manufacturer involved amid the ongoing review.

Renault "the main beneficiary" of F1's 2021 overhaul

Following some turbulence at the top of the company – triggered by the sudden ousting of former boss Carlos Ghosn – Renault's interim management announced last year that it was reviewing all its activities, including F1.

That review has been impacted by the confirmation of the 2021 regulations in October, and the subsequent delivery to teams of a draft Concorde Agreement.

Abiteboul is confident that the revised commercial arrangements and the cost cap that in theory should help Renault to rein in the top three teams will help to create a positive decision.

"I think we are the main beneficiary of the 2021 deal and set of regulations," he told Motorsport.com. "I can't say that they've been engineered for us, but for sure it goes in our direction.

"From my perspective everything that we've built we've done it with 2021 in mind, and everyone is aware of that, including at Renault corporate. The figures speak for themselves. Having said that, until a decision is made the decision is not made."

Abiteboul says there is no rush to make a decision, and like other team owners Renault is taking its time to study the full implications of the Concorde.

"I think it's a parallel stream. On one side there is what the team is committed to do, with the FIA, with FOM. There is lots of discussion going on about the documentation itself. We've seen hundreds of pages of contract, and it takes a while.

"There's also the stream having to keep on moving and improving and progressing in terms of our own performance in parallel.

"Renault is indeed making its own strategy and plans. We still have a management in interim, so we are indeed in contact on a regular basis with that management. The two will happen in parallel, and I hope will develop in a nice way. In my opinion it's more for Q1/Q2."

Read Also:

shares
comments
Hamilton warns he will be "a machine" in 2020
Previous article

Hamilton warns he will be "a machine" in 2020

Next article

Ferrari signs Leclerc's brother Arthur as F1 junior

Ferrari signs Leclerc's brother Arthur as F1 junior
Why is Oscar Piastri F1's most sought-after rookie? Prime

Why is Oscar Piastri F1's most sought-after rookie?

The Australian rising star is fast, consistent, confident, adaptable and has shown excellent racecraft, but there’s already a taint to his reputation. That hasn’t stopped him becoming the hottest property in this year’s F1 driver market and why McLaren moved fast to snap up the 21-year-old

Formula 1
Sep 30, 2022
The unintended benefit that F1's new engine rules era will deliver Prime

The unintended benefit that F1's new engine rules era will deliver

Formula 1's incoming engine rules shake-up has multiple targets. But it may also solve what has been a bone of contention since the hybrids arrived in 2014. The new plan will allow the series to pump up the volume

Formula 1
Sep 29, 2022
How de Vries made himself impossible to ignore for a belated F1 chance Prime

How de Vries made himself impossible to ignore for a belated F1 chance

Nyck de Vries appeared to have missed his opportunity to break into Formula 1 as he was passed over for more exciting talents who have now become frontrunners and title fighters. But after catching the eye outside of the F1 sphere, before his stunning impromptu grand prix debut in Italy, will it lead to a delayed full-time race seat?

Formula 1
Sep 29, 2022
Can Hamilton produce another Singapore magic moment? Prime

Can Hamilton produce another Singapore magic moment?

The Singapore Grand Prix has, explains Ben Edwards, played an important role in Lewis Hamilton’s Formula 1 career. As the series returns to the Marina Bay Street Circuit for the first time in three years, he faces the latest challenge with an underperforming Mercedes car.

Formula 1
Sep 28, 2022
Why Sainz is key to Ferrari achieving its chairman's F1 goals Prime

Why Sainz is key to Ferrari achieving its chairman's F1 goals

Although Ferrari's chances of title glory in 2022 have evaporated, chairman John Elkann expects the team to have chalked up both championships by 2026. Both require drivers to play the team game and, having now become more comfortable with the F1-75, Carlos Sainz may be Ferrari's key to title glory

Formula 1
Sep 27, 2022
How its faltering first turbo car advanced a Williams-Honda glory era Prime

How its faltering first turbo car advanced a Williams-Honda glory era

Stuart Codling charts the development of the Williams FW09, the ugly duckling that heralded the start of the title-winning Williams-Honda partnership

Formula 1
Sep 25, 2022
The Moss-Ferrari farce that current F1 drivers are thankfully spared Prime

The Moss-Ferrari farce that current F1 drivers are thankfully spared

Recent moves within the driver market have reminded Maurce Hamilton of a time when contracts weren’t worth the paper they weren’t written on…

Formula 1
Sep 24, 2022
The seven factors powering Verstappen's 2022 F1 domination Prime

The seven factors powering Verstappen's 2022 F1 domination

After a tooth and nail and, at times, toxic Formula 1 world championship scrap last year, Max Verstappen's march to a second consecutive title has been the exact opposite. But has he really changed in 2022? Here's a dive into what factors have played a crucial role, both inside the Verstappen camp and elsewhere, in the Dutch driver's domination.

Formula 1
Sep 23, 2022