Renault’s new Alpine racing division will enter the WEC and compete at Le Mans


PARIS — Renault’s new sports division Alpine will enter the 2021 World Endurance Championship, a series whose jewel in the crown is the Le Mans 24 Hours, the brand’s general manager said on Monday.

Loss-making Renault’s new chief executive, Luca de Meo, sees Alpine as central to the carmaker’s recovery and this month announced Renault’s Formula One team will be rebranded as Alpine next year.

The car will be built around an Oreca chassis and Gibson engine in the LMP1 category, said Alpine general manager Patrick Marinoff.

Alpine will line up in the LMP1 next year with the Signatech team. Alpine are competing in this weekend’s Le Mans 24 Hours in the LMP2 category, also with Signatech

“The timing is just right now for Alpine to move up in LMP1. Renault has clear, strong ambitions to position it as the sports brand of the group, and therefore it makes sense to raise the bandwidth of Alpine,” Marinoff said during a conference call with reporters.

Alpine said in a statement on Monday that “potential synergies with the F1 team are being studied.”

Meanwhile, Reuters reported last week that de Meo had written in an internal memo that Renault might have to cut more costs than initially planned to get out of the red.

The COVID-19 pandemic has exacerbated problems including a downward trajectory in earnings since 2018, the carmaker’s ability to generate cash, and new models that were not profitable enough.

In his internal memo, de Meo said he wanted to broaden the Alpine’s range of vehicles beyond the A110, following Porsche’s model. A source close to Renault said de Meo wanted to swiftly introduce a semi-convertible version of the A110.



Source link

Discover

Sponsor

Latest

Tips for Single Parents

Are you struggling to juggle all the responsibilities of being a single parent while trying to maintain your sanity? Get advice from other...

Warren presses Citadel CEO Griffin about relationship with Robinhood, payment for order flow

Sen. Elizabeth Warren, D-Mass.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesSen. Elizabeth Warren (D-Mass.) is pressuring Citadel CEO Ken Griffin about the financial...

The Jeep Wrangler will get a Hemi V8 engine

Remember when Jeep sent a shot across the Ford Bronco's bow by teasing a Wrangler Rubicon 392 "proof of concept" just hours ahead...

2021 Polestar 2 EPA-Estimated Range Can’t Beat Tesla Model 3

According to the Environmental Protection Agency (EPA), the 2021 Polestar 2 goes 233 miles with a full charge of its 78-kWh battery pack. That's well...

Nongovernment national security experts brief Biden as Trump resists transition

U.S. President-elect Joe Biden receives a national security briefing in Wilmington, Delaware, U.S., November 17, 2020.Tom Brenner | ReutersWASHINGTON — President-elect Joe Biden...