F1-Fansite.com

Monaco Grand Prix

F1 News

Renault losing patience with late-paying F1 teams

Renault 1.6 V6 Turbo powerunit
Renault 1.6 V6 Turbo powerunit (engine)
Renault 2014 Power Unit

Renault 2014 Power Uniau

Renault on Friday said it is losing patience with some of its F1 team customers.

The French supplier's F1 chief Jean-Michel Jalinier revealed to reporters in Barcelona that more than one partner team is late in paying for its turbo V6 engines.

"I must say we are not at an acceptable situation, because some of the teams are just late in payments, and at the time you need to spend resources to catch up you cannot afford to have those (late) payments," Reuters quoted him as saying.

Renault supplies four F1 teams with engines this year: world champions Red Bull and sister team Toro Rosso, as well as Lotus and Caterham.

It is known that Lotus fell behind in its payments to drivers and suppliers last year, while Caterham and Renault recently scrapped a joint programme to develop road cars.

Jalinier, however, did not name the late-paying customers.

He said Renault would put up with the situation "up to a certain point", but indicated that a final deadline to pay up was looming just "weeks away".

Asked if cutting off the teams' engine supplies was possible, Jalinier said: "That is an option. You first need to work with your team and get back to some kind of financial situation."

Book discounted tickets and reservate your hotel room in our F1 Tickets Shop.

Please share this article & subscribe to our FREE weekly F1 Newsletter

PinIt
  submit to reddit  

Latest posts in this F1 category:

See older posts in our F1 Archive »

Stay Updated by F1-Fansite!

2017 F1 Merchandise

2017 F1 MerchandiseGet your 2017 F1 Merchandise here.

Early Booking Discounts on F1 Tickets

Buy F1 Tickets cheaper at F1-Fansite.com 2017 Formula 1 Season Early Booking Discounts are:
F1 Grand Prix
Discount

Book entrance Monaco F1 GP Monaco '1725% Sold OutBook Now
Book entrance Canadian F1 GP Canada '17AvailableBook Now
Book entrance Austrian F1 GP Austria '1750% Sold OutBook Now
Book entrance British F1 GP UK '1740% Sold OutBook Now
Book entrance Hungary F1 GP Hungary '17AvailableBook Now
Book entrance Belgian F1 GP Belgium '175% DiscountBook Now
Book entrance Italian F1 GP Italy '1710% DiscountBook Now
Book entrance Belgian F1 GP Singapore '1717% DiscountBook Now
Book entrance Malaysian F1 GP Malaysia '17-9% DiscountBook Now
Book Japanese F1 GP Japan '17AvailableBook Now
Book entrance USA F1 GP USA '17AvailableBook Now
Book entrance Mexican F1 GP Mexico '17AvailableBook Now
Book entrance Brazil F1 GP Brazil '17AvailableBook Now
Book entrance Italian F1 GP Abu Dhabi '1730% DiscountBook Now

Polls

Will Hamilton beat Senna & Schumacher on the all time pole positions amount?

View Results

Loading ... Loading ...
F1 Polls