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Graham Ross wrote:Perhaps my info is a bit outdated but isn't Renault the company that rescued Nissan and turned it around ? The latest I heard about Nissan was that they are turning record profits!
Doesn't that mean that they have a reasonable amount of money ?

Renault own 33% of Nissan last I heard. That is a controlling interest. They made a lot of changes as Nissan Australia was the only nissan outlet making any money anywhere in the world. The man that turned it around was Carlos Gohsn(spelling?). He is now the new boss of Renault. About half the total profit of Renault is made off the megane in France alone which he believes is a bit risky.

After all that remember that Renault and Nissan would make nowhere near the profit of the big boys. But what is the point of spending all that money in F1 if it not making them more of a profit?

Sometimes corporates do really stupid decisions but I really doubt Renault would quit F1 anytime soon. It will take a while for this success to have an effect on sales. Buying a car isn't like buying beer or wine

I don't mind getting my hands on a Megane convertible but at around 50K I can't afford it

Besides Renault are heavily into building sports engines (Formula Renault, GP2, etc ...) and F1 is a natural place for them.