Genii Capital

This tag is associated with 1 posts

Genii Capital buys “large stake” in Renault F1 team

Renault has decided to maintain its commitment to Formula One and welcomes the perspective of a strategic partnership with Genii Capital, a Luxemburg based firm specialized in new technologies, brand management and motor sport. Following the proposed sale of a large stake of Renault F1 Team to Genii, both partners will operate the team together. The letter of intent signed by the two companies should be concluded in early 2010.

In 2010, the team will retain its name, its identity and the core ingredients that led to the successes achieved in 2005 and 2006. The team will continue to be supplied with engines by its sister company in Viry-Châtillon, which is also pleased to have received a renewed commitment from Red Bull Racing for the 2010 season.

Subscribe Here

Latest Formula 1 Tweets

Friends: 421 Followers: 3638


DRIVER
CHAMPİONSHIP

1 S.Vettel 324
2 J.Button 210
3 F.Alonso 201
4 M.Webber 194
5 L.Hamilton 178
6 F.Massa 90
7 N. Rosberg 63
8 M. Schumacher 60
9 V. Petrov 36
10 N. Heidfeld 34

CONSTRUCTOR
CHAMPİONSHIP

1 Red Bull 518
2 McLaren 388
3 Ferrari 292
4 Mercedes 123
5 Renault 72
6 Force India 48
7 Sauber 40
8 Torro Rosso 29
9 Williams 5
10 Lotus 0

Categories

Add to Technorati Favorites