Renault’s future in Formula 1 remains an unknown, particularly when news that Red Bull is seeking an early termination of its engine contract came to light over the Belgian Grand Prix weekend.
There has been strong speculation that a return to manufacturer status is the preferred option and that Lotus is its primary target, however Autosport reports that Renault bosses met with Force India for a second time, most recently on Saturday to discuss taking over the team.
The Silverstone team is currently owned by three main parties – Vijay Mallya, the Sahara group and the Mol family – but its finances aren’t the strongest, which has led to a few problems this season.
That could be resolved if Renault buys into the team, which is something that is currently under discussion, Mallya confirmed over the weekend.
“Yesterday was a conversation from their side to update me on the fact no decision has been taken,” explained Mallya.
“Secondly, he [Renault ambassador Alain Prost] wanted to know how I would feel about shareholding. Would we be willing to consider being a minority. If so, what would be our aspirations.
“We talked generally about their interest in about potentially becoming a constructor, that they are talking to multiple teams and about what is my vision and what is possible and not possible.”
The Indian businessman admitted it was still early days for Renault and that no decision – or even an offer – had been made.
“There is no deal on the table. They have not made a decision about their plans. It’s very preliminary.”
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