Renault: No financial impact from McLaren separation

Renault has stressed that its impending split from customer team McLaren will not adversely impact on its financial situation moving forwards.

Renault has always had at least one customer team in the Formula 1 hybrid era and for 2018 agreed a three-year deal to partner McLaren, having faced a split from Red Bull.

It was confirmed last month that McLaren will switch to using Mercedes power units from 2021, ostensibly leaving Renault with only its own factory operation.

“In particular for next year there is no impact because the engine for next year is done,” said Renault boss Cyril Abiteboul.

“It’s on the dyno already, you know that it’s a long lead-time development, so nothing is going to impact what we are doing for 2020.

“It’s going to impact what we could be doing for 2021 on the basis that, when you have multiple customers, in particular the way that Renault is doing it, we always try to satisfy everyone to take on board all the comments in terms of installation, and so on and so forth, so that will be one less distraction.

“We will be able to focus on ourselves and just on ourselves. And that’s it.

“From an economic perspective, there is absolutely no impact and nothing in it, because we sell, more or less, at a cost. Due to the price cap limitation.

“So, frankly, it’s nothing, that it’s good news, because, you know, it’s always satisfying to see your product being used by multiple teams but in terms of what we need to achieve and deliver for Renault it has absolutely no impact.”