Renault sponsor is 'ING off

[Dave B]

Further evidence of the economic downtown hitting F1, with the announcement that ING will no longer sponsor Renault after the 2009 season:

http://www.autosport.com/news/report.php/id/73310
http://www.pitpass.com/fes_php/pitpass_news_item.php?fes_art_id=37042
http://news.bbc.co.uk/go/rss/-/sport1/hi/motorsport/formula_one/7892526.stm
http://www.itv-f1.com/Controller.aspx?PO_ID=45122

:s

[gloomyDAY]

I am sad because ING are an amazing sponsor on & off the track.

I am happy because Renault will lose that disgusting livery.

[ioan]

It was just a matter of when they announce it.

Look at the bright side of it: we might get a beautiful black and yellow Renault livery again, not that it matters too much, especially if Renault decides to quit if everything doesn't go well this season.

[K-Pu]

If we have a black and yellow Renault it would be great, or an all yellow one, since my favourite cars were the first Renaults, including the yellow kettle!

[Sleeper]

If they use the dark blue and yellow scheme from testing a few years ago just before the ING deal was signed then it will look stunning (well, the colours will at least...).

I just hpe they can find a replacment sponsor, or that the cost cutting will mean it doesnt hit them too hard.

[jens]

I am sad because ING are an amazing sponsor on & off the track.

I am happy because Renault will lose that disgusting livery.

Now let's be fair for a moment. These news only increase the possibility that Renault as a whole F1 team may leave F1 after 2009 (finding a new title sponsor, who is ready to pay a lot of money, could be difficult in current conditions), so from whichever angle I look at it, I'm struggling to see the positive side in those news. We may not see Renault with any kind of livery in '10...

[gloomyDAY]

Now let's be fair for a moment. These news only increase the possibility that Renault as a whole F1 team may leave F1 after 2009 (finding a new title sponsor, who is ready to pay a lot of money, could be difficult in current conditions), so from whichever angle I look at it, I'm struggling to see the positive side in those news. We may not see Renault with any kind of livery in '10... :) I was just kidding about the livery. Even though I don't like it-it does make me happy to see another manufacturer on the grid. Anyway, I think Renault will find a new sponsor. Alonso/Piquet are very marketable and if their 2009 season goes well then it will entice new money.

[Valve Bounce]

Seeing that ING are already in deep financial strife, it is a wonder that we have Renault on the grid this year at all.

[leopard]

Seeing that ING are already in deep financial strife, it is a wonder that we have Renault on the grid this year at all.

Renault have solid future
http://www.autosport.com/news/report.php/id/73313

once in a while I read internet... :)

[Tazio]

Now let's be fair for a moment. These news only increase the possibility that Renault as a whole F1 team may leave F1 after 2009 (finding a new title sponsor, who is ready to pay a lot of money, could be difficult in current conditions), so from whichever angle I look at it, I'm struggling to see the positive side in those news. We may not see Renault with any kind of livery in '10...This is still very vague (to state it mildly) In fact barely more than a rumor. But it sounds like Renault are not going down without a fight!!


"French Formula One team Renault, which will lose its current sponsor Dutch financial services entity ING by the end this season, is in talks with an Indian multinational for sponsorship.



The official, however, declined to disclose details stating negotiations "are still ongoing".
The team, which is looking to widen its fan base in India is also considering bringing F1 double world champion Fernando Alonso this year during the peak season.

"Currently, talks are on with a major Indian multinational for sponsorship," a senior official of Renault India told PTI."

http://www.hindustantimes.com/StoryPage/StoryPage.aspx?sectionName=NLetter&id=f70d8f59-7acc-4f15-824a-cb99b120e276&MatchID1=4932&TeamID1=7&TeamID2=8&MatchType1=1&SeriesID1=1247&PrimaryID=4932&Headline=Renault+F1+eyes+Indian+sponsor%2c+may+bri ng+Alonso

[Valve Bounce]

I have it on good authority that Renault will have their cars powered by TATA engines next year.

[Tazio]

I have it on good authority that Renault will have their cars powered by TATA engines next year.
TATA=Ferrari..........Valve!!!!

[Tazio]

There is speculation as to who might be involved but prime targets are likely to include Reliance Industries, which is a highly diversified corporation involved in oil and petrochemicals, clothing and food. There is also ONGC, the state-owned Oil and Natural Gas Corporation, the most profitable corporation in India; Bharti Airtel, India's largest cellular service provider; and the high technology companies Wipro, Infosys, Satyam and HCL Technologies.

[ioan]

TATA=Ferrari..........Valve!!!!

TATA = Jaguar

[Tazio]

I was referring to sponsorship My Man! That is what this thread is about! :dozey: Thanks for thinking you were correcting me! :) :crazy: :laugh:


"India's biggest software firm Tata Consultancy Services had signed a technology and marketing partnership with Ferrari in December last year, which will see the TCS logo displayed on the Italian giant's 2009 F1 car!"

http://www.hindustantimes.com/StoryPage/StoryPage.aspx?sectionName=NLetter&id=f70d8f59-7acc-4f15-824a-cb99b120e276&MatchID1=4932&TeamID1=7&TeamID2=8&MatchType1=1&SeriesID1=1247&PrimaryID=4932&Headline=Renault+F1+eyes+Indian+sponsor%2c+may+bri ng+Alonso

[Rollo]

Look at the bright side of it: we might get a beautiful black and yellow Renault livery again

If we have a black and yellow Renault it would be great, or an all yellow one

I say "BRING IT ON"

http://www.motorspain.com/wp-content/uploads/2007/06/renault-f1-30ans-01.jpg

3 votes and counting.

[Tazio]

I say "BRING IT ON"

http://www.motorspain.com/wp-content/uploads/2007/06/renault-f1-30ans-01.jpg

3 votes and counting.


http://www.f1technical.net/f1db/cars/images/1979/Renault-RS10.jpg

http://www.f1technical.net/f1db/cars/images/renault/renault11-1979.jpg

Aqui! Numero quatro :)

[Tallgeese]

The financial crisis is not as bad as most make it out to be. In any case, everybody said F1 would suffer when tobacco advertising was curtailed but look what happened.

As for Renault's scheme, I actually like their ING livery but had mixed feelings about the original blue-yellow scheme. I just don't like the way the trousers are laid out (they look clownish!)

[nigelred5]

The financial crisis is not as bad as most make it out to be. In any case, everybody said F1 would suffer when tobacco advertising was curtailed but look what happened.

As for Renault's scheme, I actually like their ING livery but had mixed feelings about the original blue-yellow scheme. I just don't like the way the trousers are laid out (they look clownish!)


Good lord, what world are you living in??? Apparently you have oil wells in your back yard.

Cigarettes were replaced by Banks, Booze and direct involvement by automobile manufacturers. UM, Last I checked, only 1 of the three is doing any good, and the third should have no business sponsoring auto racing in the first place.

[Tallgeese]

Good lord, what world are you living in??? Apparently you have oil wells in your back yard.

No I don't actually. Jordan is not blessed with oil. I just don't think that the whole financial crisis is as bad as it's made out to be in the media. The actual crisis & causes/solutions are another discussion, but quite how it impacts on F1 is not unclear but the first to go are the banks. Yet there are always other sponsors to replace them.


Cigarettes were replaced by Banks, Booze and direct involvement by automobile manufacturers. UM, Last I checked, only 1 of the three is doing any good, and the third should have no business sponsoring auto racing in the first place.

Why not?

I don't see what 'booze' as you put it has in F1, but sponsors come & go & each reflects era. The 1990s was the high-tech/telecommunications era & that's when they started showing up on F1 cars. Banks followed from the late-1990s, & so on. The point is, sponsors make conscience choices to/not to enter.

Of course, you pick the sponsors who pay the most & are most reliable in making the transfers. The best way to survive in F1 (I think) is to have sponsor-partners, that is companies who are working with you. Take Ferrari with FIAT, Magneti Marelli, Shell, & Piaggo among others providing both sponsorship & technical support. Anything extra (such as Banks, Airlines, Hotels etc) is welcome, but ultimately the 'core' must be directly involved in the technical partnerships.
http://www.magnetimarelli.com/

[nigelred5]

No I don't actually. Jordan is not blessed with oil. I just don't think that the whole financial crisis is as bad as it's made out to be in the media. The actual crisis & causes/solutions are another discussion, but quite how it impacts on F1 is not unclear but the first to go are the banks. Yet there are always other sponsors to replace them.



Why not?

I don't see what 'booze' as you put it has in F1, but sponsors come & go & each reflects era. The 1990s was the high-tech/telecommunications era & that's when they started showing up on F1 cars. Banks followed from the late-1990s, & so on. The point is, sponsors make conscience choices to/not to enter.

Of course, you pick the sponsors who pay the most & are most reliable in making the transfers. The best way to survive in F1 (I think) is to have sponsor-partners, that is companies who are working with you. Take Ferrari with FIAT, Magneti Marelli, Shell, & Piaggo among others providing both sponsorship & technical support. Anything extra (such as Banks, Airlines, Hotels etc) is welcome, but ultimately the 'core' must be directly involved in the technical partnerships.
http://www.magnetimarelli.com/

Well, having family members that work for Bank of America, Citigroup, Allianz, World Bank, and The US Department of Commerce, I can tell you, It is as bad as the media makes it out to be. Actually maybe even a little worse.

[Tallgeese]

Well, having family members that work for Bank of America, Citigroup, Allianz, World Bank, and The US Department of Commerce, I can tell you, It is as bad as the media makes it out to be. Actually maybe even a little worse.

With respect, every 'crisis' is the 'worst' since the Great Depression, it's always media hype (to sell stories?) & people at the US Department of Commerce are the least complacent of all so they treat every crisis as if it was. Yes, there are some irks, but the Asian financial crisis is behind us, & everybody seems to have forgotten the 1999 crisis in the last years of Clinton.

Even without the new regulations, sponsorship would have declined & budgets would have stablised a bit due to the crisis. The fact that the cost-cutting measures coincided with the global financial crisis but one cannot help but wonder if they were a year or two earlier, where KERS could have been postponed a year or more later.

That being (& I don't want to get into it) fewer banks & financial institutions will show up as race sponsors but sponsorship is not really an issue. Honda's pull out was more the result of not having any real sponsor & financing F1 from their own pockets. Had they had several major partners (such as Ferrari & McLaren-Mercedes) then they'd probably have been well prepared for the cost-cuts. Who knows, maybe we'll see Honda back in 2010 or 2011.