Telefonica goes from Renault

Eagle-eyed observers will have noticed that the new Renault testing in Jerez is running with sponsorship from Renault, Elf, Hanjin and PVAXX, a Dubai pallet-making company. There is no sign yet of ING - but that will appear at the launch in Amsterdam next week, replacing Mild Seven. There is, however, one major name also missing as Telefonica seems to have decided that it is not going to continue. Logically, if a deal was done the name would have appeared on the car along with the three sponsors that have been retained. The decision has yet to be made official - there is unlikely to be an announcement - but it will prrobably mean a rather big hole in the team's budget.

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