Russia

Last Race: 12th Oct Russia

Russia GP Results
Pos Driver
1 Lewis Hamilton
2 Nico Rosberg
3 Valtteri Bottas

Renault: Late payments are unacceptable

Friday 9th May 2014

 RSS

Share:

Renault: Late payments are unacceptable

Renault: Late payments are unacceptable

Renault have warned late-paying teams that they are risking their own performances if the money isn't there for development.

The French engine manufacturer, who supply Red Bull, Lotus, Toro Rosso and Caterham, revealed in Spain that some teams were late in paying.

And at a time when Renault need the finances to recover from their early-season woes, Renault Sport F1 head Jean-Michel Jalinier has warned the teams risk their own form.

"In order to develop the action plan we need to secure resources and our resources are coming from two sources," Jalinier said.

"One is Renault, and we have been able to secure the right resources, even human resources or financial resources, and the other part of it is coming from the teams because we are selling the engines to the teams.

"On this part 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."

Jalinier, however, refused to name which team or teams were late.

Highs & Lows Of Alonso At Ferrari

Editor's Picks

Alonso's Ferrari Highs & Lows

Alonso's Ferrari Highs & Lows

Fernando Alonso is on his way out at Ferrari, but there have been plenty of highlights and low points...

Never Shoot Down F1 Rumour

Never Shoot Down F1 Rumour

Sporting rumours should always be taken with a pinch of salt, but F1 has proven time and time again that where there's smoke, there's fire...

PlanetF1 Fantasy League

PlanetF1 Fantasy League

The season may be underway but you can still enter the PlanetF1 Fantasy League and win prizes on a race-by-race basis...

Winners & Losers: Russian GP

Winners & Losers: Russian GP

The Russian Grand Prix was a great event but a poor race, thanks to Pirelli's failure to do basic research...

Reasons For Three-Car Teams

Reasons For Three-Car Teams

What's not to like about three-car teams? Bernie's suggestion has been dismissed by the purists, but it would tighten up the racing...