Renault CEO Luca de Meo: No Plans to Sell Alpine F1 Team Despite Struggles

Alpine, currently ninth in the F1 constructors’ championship, has faced challenges this season. Speculation arose that Renault might sell the team due to its performance, but CEO Luca de Meo has firmly denied any such plans.

Commitment to Success

In an exclusive interview with Autocar, de Meo emphasized the team’s determination to overcome its current difficulties. He stated, “There is no way we are going to give up. We will not sell even a part of this thing. It would be stupid, and I won’t do it.”

Acknowledging Challenges

De Meo acknowledged recent staff changes and admitted that the team has faced setbacks in recent years. He highlighted issues with engine performance and car development, leading to a significant gap in competitiveness.

Looking Towards Improvement

Despite the challenges, de Meo remains optimistic about the team’s future. He emphasized the importance of continuous improvement and expressed his expectations for a stronger performance in upcoming races.

Investment and Collaboration

De Meo discussed the partnership with Redwing Capital Partners and emphasized the importance of collaboration and trust within the team. He believes that Alpine has the potential to be a top team in F1 with the support of the Renault Group.

Aiming for Success

De Meo concluded by expressing his belief in Alpine’s potential for success in Formula 1. He highlighted the brand’s heritage in competition and emphasized the need for hard work and dedication to achieve their goals.

In conclusion, Renault CEO Luca de Meo’s commitment to Alpine’s success in Formula 1 is unwavering, despite the team’s current struggles. With a focus on improvement, collaboration, and investment, Alpine aims to rise through the ranks and establish itself as a competitive force in the sport.