🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Shares

Renault more likely to back Toro Rosso than buy - Marko

Published 03/04/2015, 22:16
Updated 03/04/2015, 22:21
© Reuters. Toro Rosso Formula One driver Max Verstappen of the Netherlands during the Australian F1 Grand Prix at the Albert Park circuit in Melbourne

LONDON (Reuters) - Renault are more likely to use the Toro Rosso Formula One team to increase brand awareness than buy it from Red Bull, according to the energy drink company's motorsport consultant Helmut Marko.

The Austrian told the Formula1.com website on Friday that Renault, engine partner to both teams, felt "under-represented on the marketing side.

"So there are considerations to either buy Toro Rosso or more likely give them a yellow livery to have a better marketing platform. But of course the figures have to correspond," he added.

Red Bull have as title sponsor the Infiniti luxury car marque owned by Nissan, Renault's Japanese partner.

While Renault and Red Bull won four successive constructors' and drivers' titles between 2010 and 2013, they have been uneasy partners since the introduction of a new V6 turbo hybrid power unit in 2014.

Mercedes have emerged as the top team with their engine clearly a cut above the rest.

"We are significantly behind Mercedes. They clearly dominate," said Marko who saw the situation lasting until the rules were changed again.

Renault and Red Bull have talked about the possibility of pulling out of the sport, and have pointed accusatory fingers at each other for failures on the track, but Marko said they had now agreed how to proceed.

"We have implemented now a system where it is clearly defined who has what responsibilities, as there have been mistakes in the past from Renault's side as well as from our side as both companies stand for different corporate cultures," he explained.

"Here you have basically a state-run organisation and we in the UK have highly motivated people that react immediately to any necessity.

"Add to that the problems with the test facility and there you have a situation that we have seen at the last two races. How and when we find improvement, whether this season or in 2016, is still unclear."

Marko said the two races so far this season had been a wake-up call for Renault and they had promised a significant improvement in engine performance to close the gap on Mercedes during the course of the campaign.

© Reuters. Toro Rosso Formula One driver Max Verstappen of the Netherlands during the Australian F1 Grand Prix at the Albert Park circuit in Melbourne

"That is what we expect and what Renault has informed us with facts and figures. But this happens half a year too late," he added.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.