Renault are the latest to suffer the consequences of the financial crisis as their principal sponsor, the Dutch ING bank, has decided not to renew its sponsorship agreement at the end of this year. The ING bank is looking to shed 7,000 jobs in a bid to save £949 million. Formula One is an expensive business, with some of the …
Alonso to stay with Renault
Fernando Alonso has decided to stay at Renault for another two years, thus ending any speculation about a move to Ferrari next season.