Alonso at Renault before McLaren

“Fernando and Nelsinho will form one of the most exciting driver line up of 2008,” commented Renault F1 Team Managing Director Flavio Briatore. “We are delighted to be welcoming Fernando back home to the team where he enjoyed his greatest success. His abilities as a driver and a team leader are well known, and we look forward to forging another strong partnership.

Fernando Alonso rejoins the Renault F1 Team after spending the 2007 season at McLaren-Mercedes. Alonso drove for the Renault F1 Team between 2003 and 2006, during which time he scored 15 Grand Prix victories and won two world championships, in 2005 and 2006. He will play a key role in the team’s efforts to return to the front of the field in 2008.

“I am delighted to be returning to Renault,” commented the 26 year-old Spaniard. “This is the team where I grew up as a driver in Formula 1. Now it is time for us to begin a new chapter together. I am very excited about working with this great team once more, and confident that together we can move back to the front of the field.”

Nelson Piquet Jr will complete the team’s race driver line-up. The 22 year-old Brazilian spent 2007 as the Renault F1 Team’s test and reserve driver, after finishing runner-up in the 2006 GP2 series championship. He will make his F1 debut at the 2008 Australian Grand Prix.

“First of all, I want to thank Flavio and Renault for putting their confidence in me for 2008,” said Piquet. “It is a fantastic opportunity to make my Formula One debut with one of the top teams on the grid, and alongside one of the very best drivers in the sport. This drive is something I have been working towards since the end of 2006, and I am proud that my performances as test driver have earned me this position. I am looking forward to teaming up with Fernando, and learning from him. As a rookie, there is no better way to start your career than to have a double world champion as your reference point.”