Renault Quits the GPMA

[davewilson]

Renault F1 has joined Toyota in quitting the Grand Prix Manufacturers' Association, the entity originally created by the automakers involved in Formula 1 to bargain a better deal (with threats to create a breakaway series) for the extension of the current Concorde Agreement, which expires by this year’s end.

Formed initially by Ferrari, BMW, Mercedes-Benz, Honda, Toyota and Renault, the GPMA first took a hit when Ferrari bailed to sign an extension of the Concorde Agreement through ’12 with the FIA. As the independent squads also lined up on the FIA side, the GPMA’s force faded further, and eventually the five other GPMA members joined in signing extensions with the FIA.

The Stig

"Renault today informed the GPMA that it has left the organization with immediate effect,” the squad said in a statement.

"Renault believes that in order to achieve constructive dialogue with the FIA on the future direction of the sport, it is important to work in consultation with all manufacturers participating in Formula 1, including Ferrari and Toyota.

"Renault has reinforced its long-term commitment to the sport through an engine supply deal with Red Bull Racing beginning in 2007, and looks forward to collaborating with its fellow manufacturers and the FIA on a future vision for the sport that will produce an improved on-track show; and generate meaningful cost reductions for the long-term sustainability of the sport."