Faure Confident Renault will Stay in F1

Renault F1 president Patrick Faure is optimistic the French manufacturer will stay in the sport after 2007, when the current Concorde Agreement ends

Faure Confident Renault will Stay in F1

Current Renault chairman Louis Schweitzer, a big supporter of the French company's Formula One programme, will be replaced by Carlos Ghosn this year.

Renault holds its annual general meeting next Friday, when Nissan Chief Executive Ghosn will succeed Schweitzer as Renault CEO.

Schweitzer will stay on as Renault chairman. Ghosn is believed to be less in favour of Renault's F1 programme than Schweitzer.

However Faure, who today announced the extension of Flavio Briatore's contract as managing director, was optimistic the new CEO will want to continue with the current programme beyond 2007.

"He (Ghosn) is going to be on board as chairman of Renault on the first of May and he has to decide for 2007 and after," said Faure.

"He needs to see Flavio, myself, discuss the sport policy and make up his mind for after 2007, but I found very good that he decided to say immediately that continuity is what we need because we are winning and I want to continue winning.

"After that he will meet us on many occasions and make up his mind on the sports policy after 2007."

Faure said earlier today that Briatore's renewal had had the full support from Ghosn.

"This decision has been taken with the full agreement of our future CEO, Carlos Ghosn, who wishes to maintain the stability of a winning team," he said.

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