Romain Grosjean in his Lotus during last year's Spanish Grand Prix
RENAULT will be on the Formula 1 grid next season after finalising a takeover deal of the Enstone-based Lotus team.
The announcement ends months of speculation over the respective futures of both Renault and Lotus.
Renault, who withdrew from the sport as a full works team in 2010, said the takeover had some terms still to be agreed, but hoped for it to be concluded “in the shortest timeframe possible”.
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