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Struggling Renault tipped to offload Alpine F1 team
Jul.18 Staff and fans of Renault's Formula 1 team Alpine may be feeling nervous ahead of the Belgian GP next weekend. Recently, Renault CEO Luca de Meo suddenly resigned – and now devastating financial results have compounded the French carmaker's misery. 'Yesterday, Renault Group shares collapsed,' said Elmir Valeev, a Formula 1 commentator for Setanta Sports. 'Not fell, but collapsed by almost 20 percent, and a day later there is no sign of a rebound.' Indeed, Renault has already announced cost-cutting measures, having admitted cash flow in the first half of 2025 of just 47 million euros – hundreds of millions of euros below expectations. 'That's almost a disaster,' said...
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