Motor racing-Renault to work on reducing engine costs


By Alan Baldwin MONACO, May 27 (Reuters) - Renault are committed to Formula One and will work to reduce the cost of their new engine after its introduction next year, the company's chief executive Carlos Ghosn has assured Bernie Ecclestone. Speaking at the Monaco Grand Prix after Renault announced a deal to supply its 2014 engine to Red Bull-owned Toro Rosso, currently with Ferrari, Ghosn said he was aware of F1 supremo Ecclestone's cost fears. ...


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