F1 »

Proton 'close' to a deal with Renault

Following weeks of speculation and rumours, it appears that Malaysian car maker Proton is now on the verge of buying the remaining 25 per cent stake in Renault's F1 outfit in 2011
Proton has acknowledged that it is 'close' to an agreement to purchase the remaining 25 per cent of Renault's F1 outfit not owned by Gérard Lopez's Genii Capital organisation – and that 'a decision will be made soon'.

Proton's intention to assume partial control of the Enstone-based concern has been the key stumbling-block behind Tony Fernandes' stated desire to rename F1 2010 newcomer Lotus Racing with the iconic 'Team Lotus' moniker next season – a move that the AirAsia founder has now vowed to press ahead with regardless [see separate story – click here] – given that the Malaysian manufacturer would likely enter the sport under its Group Lotus brand, a situation that could lead to confusion should there consequently be two Lotus entries on the grid.

Whilst it had previously been suggested that Proton's interest in Renault F1 was merely limited to title sponsorship, managing director Datuk Syed Zainal Abidin Syed Mohamed Tahir has now confirmed that the company's designs are rather loftier than that.

“That's the intent,” he told Malaysian newspaper The Star, when asked whether Proton is planning to buy out the remaining 25 per cent of the team. “Twenty-five per cent is something that we are discussing; it's still too premature to disclose the exact percentage, but it has to be a position where we can control our brand. We're close – just wait for a few days. A decision will be made soon.”



Related Pictures

Click on relevant pic to enlarge

Robert Kubica (POL), Renault F1 Team
Mikhail Aleshin (RUS), Renault F1 Team
Saturday Practice, Vitaly Petrov (RUS), Renault F1 Team, R30
Friday Practice 1, Robert Kubica (POL), Renault F1 Team, R30
Friday Practice 1, Vitaly Petrov (RUS), Renault F1 Team, R30
Saturday Practice, Robert Kubica (POL), Renault F1 Team, R30
2014 FIA European F3 champion Esteban Ocon is to test with Lotus F1
12.10.2014- Race, Jenson Button (GBR) McLaren Mercedes MP4-29
12.10.2014- Race, the start
12.10.2014- Race, Sebastian Vettel (GER) Infiniti Red Bull Racing RB10
12.10.2014- Vitaly Mutko (RUS) Minister of Sport of the Russian Federation
12.10.2014- Race, Kimi Raikkonen (FIN) Scuderia Ferrari F14T
12.10.2014- Race, Kevin Magnussen (DEN) McLaren Mercedes MP4-29
12.10.2014- Race, Lewis Hamilton (GBR) Mercedes AMG F1 W05 in the press conference after the race
12.10.2014- Race, Lewis Hamilton (GBR) Mercedes AMG F1 W05 celebrates Manufactor title of Mercedes with the team
12.10.2014- Race, Romain Grosjean (FRA) Lotus F1 Team E22
12.10.2014- Race, Fernando Alonso (ESP) Scuderia Ferrari F14T
12.10.2014-  Sebastian Vettel (GER) Infiniti Red Bull Racing RB10 with a fan

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.




© 1999 - 2014 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.