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Sports / Motor Racing
F1 team announces $50M boost
(Reuters)
Updated: 2007-07-31 09:28
Formula One champions Renault announced a $50 million programme of
long-term technology investment on Monday after slipping behind their
main rivals on the racetrack this season. The team said in a statement
that the programme, including a new computational fluid dynamics (CFD)
facility to be built at their Enstone factory, had the full support of
the French carmaker.
"This programme of technology investment in the team sends a strong
signal about our commitment to a competitive future in Formula One," team
boss Flavio Briatore said. Technical director Bob Bell added that the new
CFD centre would allow the team to develop new techniques and skills with
applications far beyond Formula One.
"While other teams have invested in costly second wind tunnels, we
believe that CFD is a technology of the future that will be integral to
the design and development of more efficient vehicles," he said. The team
said the new CFD facility would provide them with 10 times their current
capacity in that field.
It added that the construction work would meet stringent environmental
targets, with the CFD centre built below ground level and powered by
renewable energy.
Renault, winner of both Formula One titles for the past two seasons with
now-departed Spaniard Fernando Alonso, have struggled this year and are
currently fourth overall with seven races remaining. Neither Italian
Giancarlo Fisichella nor Finland's Heikki Kovalainen have finished on the
podium this year and between them they have scored just 32 points from 10
races to McLaren's 138 and Ferrari's 111.
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