Renault will stop supplying engines to Red Bull and Toro Rosso in F1

Renault has confirmed that they will not supply engines in Formula One to Red Bull and Toro Rosso, as they are mainly concerned about their future in F1. Renault was going through a tough relation with Red Bull since 2015.

Renault CEO Carlos Ghosn says that the manufacturer is re-negotiating its deal with Red Bull and Toro Rosso and that its days existing solely as an engine supplier are over. He also hinted the company’s relationship with Red Bull is likely to end this year.

“We said very clearly, it’s finished,” CEO Carlos Ghosn is quoted by Autosport on Renault’s position as an engine supplier.

Ghosn said: “We have already alerted the F1 authorities and told them: ‘Don’t count on us as a provider of an engine – it’s over.'”

“We will honour our contracts, no problem, but the occasion of Renault as a developer and supplier of engines stops.

“I think we are today renegotiating the contracts, so it’s too early to say what’s going to be the conclusion of the contract.

“We [Renault] will either exit or run our own team. We don’t have a clear decision yet.”

Renault will likely to work either as an independent team or quit from Formula One. Renault is in contract with Red Bull and Toro Rosso until 2016 season.