Toyota exit as Renault discuss F1 future

FORMULA ONE manufacturer Renault are understood to have held a board meeting in Paris yesterday relating to their involvement in the sport.

The meeting was held hours after Toyota said it was quitting F1, becoming the third car company to leave the sport in the last 11 months.

Renault has endured its worst season for many years, both on and off the track, finishing a lowly eighth in the constructors’ championship, but it was the ‘crashgate’ scandal that severely damaged the team.