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Renault Seals Lotus Deal, Signaling Full Return to Formula 1

  • French carmaker to run its own team after six-year absence
  • CEO Ghosn says F1 has `enormous' potential yet to be tapped

Renault SA said it signed principal contracts for the takeover of the U.K.-based Lotus Formula 1 team, paving the way for the French carmaker to return to world motor sport’s premier competition next year after last competing as a constructor in 2009.

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