Renault on board with Red Bull

RED BULL Racing boss Christian Horner has spoken of his delight his team will continue to use Renault engines following the news the French manufacturer are to remain in Formula One.

Renault have sold a 75% stake in the team to the Genii Capital company, led by businessman Gerard Lopez, with the two companies operating the team which will continue to carry the Renault name.

Red Bull have used Renault powerplants since 2007, enjoying their best season to date in 2009 as they recorded six race victories in the hands of drivers Sebastian Vettel and Mark Webber, but had been forced to wait to confirm their plans for 2010 as Renault considered withdrawing from the sport following a tumultuous season which saw them caught up in the now infamous ‘Crashgate’ controversy.