Boulogne-Billancourt, France: Renault has taken the wraps of its newly-created Renault Sport Formula One Team.
The new F1 challenger consists of the Renault R.S.16 chassis, developed and manufactured in Enstone, whilst the Renault R.E.16 power unit will continue to be developed in Viry-Châtillon.
A number of key appointments have been made in the F1 team. Bob Bell has been appointed F1 Chief Technical Officer and will manage the efforts of Nick Chester as Chassis Technical Director and Rémi Taffin as Engine Technical Director. Kevin Magnussen and Jolyon Palmer are confirmed as Renault Sport Formula One Team’s race drivers, and will be supported by Esteban Ocon, who joins the team as third and Reserve Driver.
Renault-Nissan Alliance partner Infiniti will continue its journey in Formula One alongside Renault and will enhance its involvement through a specific technology program developing the second generation of energy recovery systems (ERS) for the F1 power unit.
Renault also announced new partnerships with other prestigious brands, including premium watch supplier, Bell & Ross, revolutionary audio systems inventors, Devialet, clothing company Bestseller as well as continuing relationships with the F1 team’s current partners, including Microsoft and EMC.
Renault will continue its working relationship with Gravity Motorsports, an affiliate of the Genii Capital Group, which will retain a minority shareholding in the F1 team. Genii and Gravity worked tirelessly to ensure the team’s survival in extremely difficult circumstances and Renault is pleased to recognize this commitment as Gerard Lopez remains a non-executive director of the team.