Posted on December 15, 2009

Renault has called a press conference in Paris tomorrow to announce its decision on Formula 1. It seems that they may announce that the company has decided to sell a 75% shareholding in its Enstone operation to Gerard Lopez, the 37 year old internet entrepreneur who was the first investor in Skype. The deal entails Lopez and his company Gravity, getting the factory for nothing and a guaranteed free supply of engines for two years. The sponsorship of the French Total oil company is also included. In return the team remains under the Renault name for at least the 2010 More…

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