Renault’s progress hindered by late payments for 2014

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Renault Sport chief Jean-Michel Jalinier has revealed that some of the teams that it supplies have failed to make their payments on time, putting the French marque’s engine programme on the back foot.

The beginning of the year has been difficult for Renault in the wake of the move to turbocharged V6 power units. The teams that it supplies – Red Bull, Toro Rosso, Lotus and Caterham – all encountered problems during pre-season with their engines, and there was a definitive power difference between the Renault engines and its rivals, Mercedes and Ferrari.

Although a great deal of the criticism has been put against Renault, Jalinier explained how payment problems have began to bite.

“In order to develop the action plan we need the resources, and our resources are coming from two sources,” he explained. “One is Renault, with financial resources or human 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 payment, and at the time that you spend resources in order to catch up you cannot afford to have those non-payments.”

Jalinier is concerned about what Renault can do from here on in such are the payment problems.

“It is a serious concern,” he said. ” We can live with it up to a certain point. We are developing, we are putting money into the business, we need to get our resources.”

The financial concerns in Formula 1 have been a big talking point in recent weeks, with many still keen on introducing a cost cap in the near future. However, when the knock-on effect is beginning to seep into the engine manufacturers, and subsequently the teams they supply that have been prompt with their payments, it is a particularly dire situation.

Andretti United team names drivers for inaugural Extreme E season

Extreme E drivers Andretti
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The Extreme E team formed by Andretti Autosport and United Autosports named Catie Munnings and Timmy Hansen as its drivers Monday for the series’ inaugural 2021 season.

Munnings is a successful veteran of rally series. Hansen is a past winner and champion in the World Rallycross Championship.

They both will race in the environmentally conscious electric SUV series that will hold events in five areas around the world that are threatened by climate change. Chip Ganassi Racing and six-time Formula One champion Lewis Hamilton also are fielding cars in Extreme E, which will feature male and female co-drivers on every team.

Catie Munnings

“I’m so excited to join Andretti United Extreme E,” Munnings said in a release. ““I was really intrigued when I first heard about Extreme E, I just knew I had to be involved. The male / female racing partnership is a fantastic and exciting new concept. The season has incredible locations and the racing will be very exciting. It will be a new challenge for the teams and drivers, and I’m so thrilled to be working with such a strong team.

“The championship is a really innovative concept, it’s combining motorsport and science and will produce an important legacy in each race location. Bringing the platform that motorsport has in line with the awareness that the planet needs right now is awesome and a really important message.”

Timmy Hansen

Said Hansen: “Going into the Extreme E will be a new chapter in my career, one that I am extremely excited about. It is something brand new, not only for me, but the whole of motorsport. The format is something

we’ve never seen before. I’m also delighted to be able to carry the message of something bigger – talking about the environment and doing something good for the world – that’s something that really drives me. It’s going to be a big adventure in life to see these locations and I’m going to do my best in carrying this responsibility and hopefully making people aware of the challenges we have in the world, together with our passion for racing.”