Autocar can reveal Alpine is seeking investment into its Formula 1 team as part of a push for dramatic global expansion
Autocar sources insist that no deal is done, and that Alpine is open to investment from any party, ranging from another manufacturer with complementary goals such as Lotus, through to taking on investors who are excited by the potential of the F1 programme, both from a marketing perspective and from the growing value of teams as profit centres as a result of the recent cost cap initiative.
Nevertheless, initial talks are believed to have begun with a suite of potential investors. Alpine sources are adamant that the firm is only seeking funding in return for a share of the F1 team. It has ruled out floating the road car division or selling the F1 team outright.Mercedes , which is co-owned by the road car company, chemical company Ineos and team principal Toto Wolff equally, being the most notable example.
Alpine’s potential sale of a stake in the F1 team was first hinted at in the Renault Group’s so-called Capital Markets Day event last month, which was titled 'Renaulution, now Revolution'. In the accompanying presentation, headlined Alpine, it said:"Alpine is set to expand globally with half of its future growth outside of Europe [by] leveraging commercial partnerships and investor support. Alpine is open to capitalise on the financial valuation of its F1 team assets.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Baby formula recall: ByHeart baby formula was recalled due to this contamination riskA baby formula company has recalled some of its products because they were packaged in a facility that tested positive for a harmful bacteria, according to the U.S. Food and Drug Administration (FDA)
Read more »
The car world's greatest missed opportunities | AutocarThere are some cars whose success just didn't take off, so let's take a look at a bunch of the car world's biggest missed opportunities
Read more »
Mercedes-AMG C63 S E Performance review | AutocarModernised four-pot hybrid hot C-Class has most of the pace of its V8 forebears, but little of the charm, ferocity or hooligan handling appeal
Read more »
Jaguar F-Pace PHEV gains boosted range and equipment for 2023 | AutocarUpgrades for the new Jaguar F-Pace include a 20% range boost for PHEV models and upgraded gear in the cabin - head to Autocar to see what's changed
Read more »
Mercedes-AMG C63 S video review - hybrid super saloon tested | AutocarThe new Mercedes-AMG C63 S E Performance features the most powerful four-cylinder engine ever fitted to a production car, but does it have the charm of its predecessor? Watch our latest video to find out
Read more »
Opinion: How Jaguar will compete with Bentley | AutocarWith Philip Koehn at the wheel, Jaguar will eventually compete with Bentley, says Autocar's StvCr
Read more »