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Renault is making a full-blown comeback into Formula 1 for 2016.

The decision came following the September announcement of the signing of a Letter of Intent with Lotus. As a full team, Renault will take maximum benefit from its victories.

Formula 1 is a means for Renault to accelerate development and remain at the forefront of the sport’s technological progress. Consistent with its commitment to F1, Renault will continue to develop its R.S. (RenaultSport) range by stepping up investment in order to be active on every continent and in even more segments.

Renault’s chairman and chief executive Carlos Ghosn said: “Renault had two options: to come back at 100 percent or leave. After a detailed study, I have decided that Renault will be in Formula 1, starting 2016.”

Exciting stuff, no?! Renault has been involved in Formula 1 for almost 40 years, in one form or another, so it’s good to see them coming back in full-force. In 1977, the French car maker introduced turbocharging; a technique that soon became the norm in the sport. Renault has since taken part in more than 600 grand prixs, claiming 168 race wins, 12 Constructors’ titles and 11 Drivers’ crowns.

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