Renault could be the next car manufacturer to threaten to quit formula one at the end of 2009 if the new rules imposed by the FIA are not changed.

Ferrari, F1's oldest and most famous name, sent the specialist and mainstream media into a spin on Tuesday by announcing that the FIA's budget cap plans for 2010 will lead to its withdrawal from the sport.

Renault issued a press release on Wednesday morning which states: "The decision of the Federation International de l'Automobile (FIA) to introduce two sets of Formula One technical regulations for the 2010 Formula One season has caused the Renault Group to reconsider its entry in next year's FIA Formula One World Championship."

"There is frustration that FOTA's constructive proposals, including major cost saving measures to be adopted progressively between 2009 and 2012, which were carefully constructed by FOTA members, have been completely ignored without any form of consultation by the FIA with the teams."

"Our aim is to reduce costs while maintaining the high standards that make Formula One one of the most prestigious brands on the market. We want to achieve this in a coordinated manner with the regulatory and commercial bodies, and we refuse to accept unilateral governance handed out by the FIA. If the decisions announced by the World Council on the 29th of April 2009 are not revised, we have no choice but to withdraw from the FIA Formula One World Championship at the end of 2009," said ING Renault F1 Team Managing Director, Flavio Briatore.


Photo Credit : Renault