One of Renault's most jealously guarded secrets – its Formula One budget – is out. According to the French economic monthly Capital, Renault spends $300 million (E230 million) a year on its F1 team.
Its operating costs break down this way: $140 million for engines; $10 million for a wind tunnel in Enstone, England; $25 million for chassis development; $45 million for trials on a rented circuit; $30 million on logistics for the
19-race series; and $50 million in wages for the 750 staff, with drivers and top engineers earning several million each.
Renault won't comment on those figures. But after acknowledging during a recent press conference that F1 racing is expensive, Chairman Louis Schweitzer said that Renault would keep racing only if it has a serious chance of winning the title. Schweitzer added that Carlos Ghosn, his appointed successor, shares those views.