Don't call it a comeback: Renault confirms Lotus take-over

After months of speculation, especially during the last few weeks, Renault today confirmed they are taking over the Enstone team with an announcement that confirmed their attitude to Formula One was all-or-nothing.

“Renault had two options: to come back at 100 percent or leave,” said Carlos Ghosn, Renault’s Chairman and CEO. “After a detailed study, I have decided that Renault will be in Formula One, starting in 2016. The final details supplied by F1’s main stakeholders gave us the confidence to accept this new challenge. Our ambition is to win - even if it will take some time.”

Great to hear, it's a fantastic result for all involved.

Source: Formula1.com