Renault takeover to parachute Villeneuve back into F1?
In one of the more bizarre stories of an already extremely bizarre F1 silly season, it has been reported that a company called Gravity may be in negotiations to buy Renault's Enstone-based operation – and with it pave the way for 1997 world champion Jacques Villeneuve to return to the grand prix grid after more than a three-year absence.
The French-Canadian knows the Renault F1 set-up from his time spent with the team in late 2004, and has been an increasingly present feature in the grand prix paddock of late, as he eyes a return to the field. Swiss publication Motorsport Aktuell claims that Tung's Jerez appearance is in an effort to attract some Chinese backing for Gravity – which should it press ahead with a takeover, would ostensibly do so under the name of Mangrove, a venture capital firm that it owns.
Source: Renault takeover to parachute Villeneuve back into F1?
The French-Canadian knows the Renault F1 set-up from his time spent with the team in late 2004, and has been an increasingly present feature in the grand prix paddock of late, as he eyes a return to the field. Swiss publication Motorsport Aktuell claims that Tung's Jerez appearance is in an effort to attract some Chinese backing for Gravity – which should it press ahead with a takeover, would ostensibly do so under the name of Mangrove, a venture capital firm that it owns.
Source: Renault takeover to parachute Villeneuve back into F1?
Related Stories
11/25/2009 12:58 PM: Renault delays new Lada products to focus on improving quality by DavidGPAll eyes have been on Renault since acquiring a 25% stake in Russian automaker Avtovaz. The French carmaker headed by the venerable Carlos Ghosn beat out Fiat and General Motors to acquire the interes...
10/08/2009 12:14 PM: Di Grassi to replace Grosjean at Renault for Brazil? by Halo
is being speculated within the F1 paddock that Renault could be set to make its second driver change of the 2009 world championship campaign in the Brazilian Grand Prix at Interlagos next weekend – by...
09/21/2009 11:46 AM: F1: Renault gets two-year suspended sentence by Halo
An acceptance of guilt by Renault over the Singapore Grand Prix race-fixing scandal saved the manufacturer from exclusion from Formula One. The team was given a two-year suspended ban after it decided...
09/21/2009 02:07 AM: The Canadian Press: Renault F1 team awaits fate in Nelson Piquet. Jr crash scandal by Bill mccarthy
PARIS — The Renault Formula One team will learn its fate Monday at a hearing into how its former driver Nelson Piquet Jr. was ordered by management to deliberately crash his car, a life-threatening mo...
09/21/2009 01:50 AM: Frankfurt Motor Show: Renault Fluence, Kangoo, Zoe and Twizy electric cars - Telegraph by Bill mccarthy
Renault unveiled a whole battery of electric cars (c’mon, someone had to say it.) And the level of commitment to the electric vehicle is probably greater at Renault and its Japanese alliance partner N...
