Renault decision on Formula One upcoming

Thu Nov 5, 8:25 AM EST
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Renault CEO Carlos Ghosn attends the Monaco F1 Grand Prix at the Monaco Form...

PARIS (AP) — Renault CEO Carlos Ghosn says the automaker will announce whether it will stay in Formula One racing before the year ends.

Asked Thursday if Renault plans to pull out of the sport, he responded that ``before the year's end - it's not very far away, it's in a few weeks - we will make an announcement and announce our strategy in terms of Renault's role in Formula One.''

Renault's reputation was recently damaged by a crash scandal that led to team principal Flavio Briatore's indefinite ban from the sport. Briatore ordered former driver Nelson Piquet Jr. to crash at the 2008 Singapore Grand Prix to improve teammate Fernando Alonso's chances of victory.

The Associated Press

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