Sep.2 (GMM) Renault F1 has scoffed at reports suggesting its former French carmaker parent is considering buying back the Enstone based team.

Amid the car sales crisis and economic downturn, and the damaging crashgate scandal, Renault SA sold a rumoured 85 per cent of the team that still bears its name to Luxembourg-based investment firm Genii Capital.

But Finland's Turun Sanomat claimed the carmaker's financial situation has dramatically improved to the point that it is interested in returning wholeheartedly to F1.

"Rumour mill in overdrive with some creative stories on the web," Renault F1 said via its official Twitter account.

"For the record, Renault are very happy with the Genii partnership, great visibility and a good relationship. No plans to change," added RF1paddockpass.

Renault also dismissed rumours that Felipe Massa could be headed to Renault next year, with Robert Kubica linked once again to Ferrari.

"Has anybody seen Robert and Felipe standing next to each other? I'm not sure they'd fit in each other's seats if they swapped," wrote the team's Twitter author.

Latest F1 News - Mobile version

26 Feb: New Ferrari not quickest in field - Domenicali 26 Feb: Red Bull still best in 2013 - Tost 26 Feb: 2014 French grand prix 'possible' - Prost 26 Feb: Danica Patrick 'not interested' in F1 switch 26 Feb: Report - Gilles Simon working on F1 engine for Honda 26 Feb: Gutierrez plays down link to Carlos Slim 26 Feb: Caterham exhaust 'legal' insists van der Garde 26 Feb: McLaren replaces Mercedes-bound Lowe 25 Feb: 'Engine maps' trouble for Red Bull, Lotus - report 25 Feb: Mercedes-bound Lowe to miss 2013 opener - report 25 Feb: Mercedes 'in group of teams' behind Red Bull - Lauda 25 Feb: Gutierrez expects Hulkenberg to beat him early in 2013 25 Feb: New Ferrari 'much better' than 2012 - Massa 25 Feb: Teams 'will adapt' to new tyre situation - Gutierrez 25 Feb: Tight rules make today's F1 cars 'the same' - Forghieri 25 Feb: Williams removes controversial exhaust trick 25 Feb: Contract 'conflicts' cause of Marussia test snub - Razia 25 Feb: Lotus to fight Red Bull for title - Gutierrez 25 Feb: Marussia 'ahead of Caterham' - Chilton 25 Feb: Sutil will not stay in F1 as test driver The latest F1 News - Mobile Version