Renault board meets to discuss F1 future - report

Renault have held a board meeting in Paris to discuss the future of their Formula One team, the BBC reported on Wednesday.

No one from Renault was immediately available for comment and the BBC website provided no source for its report, which came after Toyota announced their withdrawal.

The BBC said the meeting was attended by interim team bosses Bob Bell and Jean-Francois Caubet, although it said neither man was allowed to participate in the debate.

Renault won the 2005 and 2006 championships with Fernando Alonso but the Spaniard has now left for rivals Ferrari. Title sponsor ING has also departed, leaving a big hole in the budget.

The team ended the season racing under a suspended permanent ban for their involvement in a race-fixing scandal which resulted in flamboyant former principal Flavio Briatore being barred for life. They finished eighth overall with no wins this year.

Renault have signed Poland's Robert Kubica as one of their 2010 drivers but paddock gossip even before last weekend's season-ending Abu Dhabi Grand Prix suggested the manufacturer was considering selling all or part of the team.

The carmaker also supplies engines to Red Bull, runners-up to Brawn GP and winners of six races this year.