Carlos Ghosn and Nissan have been formally indicted by Japanese authorities on charges of financial misconduct.Ghosn was arrested last month following allegations that he had under-reported his income. He was detained without charges for the maximum 22 days allowed under Japanese law, but was served with a new warrant on...

Renault has named a temporary chief executive to handle day-to-day operations following Carlos Ghosn’s arrest for alleged breaches of Japanese financial laws, although Ghosn will retain his position as chairman and CEO.Chief operating officer Thierry Bolloré was appointed to the role during an emergency board meeting to stand in for...

Renault and Nissan chairman Carlos Ghosn, who helped engineer Renault’s return to Formula 1 as a full constructor in 2016, has been arrested for alleged violations of Japanese financial laws.Nissan said on Monday that Ghosn will be removed after what it described as “serious acts of misconduct", including under-reporting his...

Renault is speeding up its initial five-year plan for Formula 1 on the back of receiving added investment from its parent company.Following its return to F1 as a works team this year Renault played down expectations, instead focusing on rebuilding its Enstone, UK-based team after its cash-strapped final year as...

Kevin Magnussen says he did not receive any help from McLaren in securing his race seat with Formula 1 rival Renault.McLaren chose not to renew Magnussen's reserve driver deal late last year, with Ron Dennis saying the team did so because it did not want to hamper his chances of...

Renault CEO Carlos Ghosn concedes it will take the French manufacturer's works outfit two to three years to regularly challenge for a Formula 1 podium.After months of protracted negotiations, Renault finally completed its takeover of Lotus in December, making a return as a fully fledged manufacturer for the first time...

Ferrari president Sergio Marchionne says he finds it offensive that Red Bull Racing felt it had a "right" to have a good Formula 1 engine.Red Bull chose to terminate its contract with Renault amid a fractious relationship and criticism of the French manufacturer's performance and reliability. Ferrari was among the...

Red Bull has announced it will run TAG Heuer-branded Renault engines for the 2016 Formula 1 season.Having failed to secure an engine from Mercedes, Ferrari or Honda, Red Bull will stick with Renault for a 10th season. It is understood Red Bull has renegotiated its contract with Renault after serving...

Renault chairman and CEO Carlos Ghosn has confirmed the manufacturer will return to Formula 1 in 2016 as a full-time works outfit.Following six months of protracted negotiations, Renault today signed principal contracts with regard a takeover of the Lotus F1 team. It has confirmed that work continues on finalizing the...

Renault is poised to confirm it will remain in Formula 1 after finally completing its purchase of Lotus.Almost 10 weeks after announcing it had signed a letter of intent regarding the potential acquisition of Lotus, and months after negotiations initially started, it now appears the final hurdles have been crossed...