Renault's 2010 season has already begun says Caubet

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After the departure from Toyota, speculation fired up that Renault would leave Formula One as well. Renault F1 Managing Director Jean-Francois Caubet, however, inisted in the French newspaper 'L'Equipe' that the team has an approved working budget for 2010 and that the outfit will race next season.

Caubet said: "We have already contracted our drivers, had our budget approved and are enrolled in the world championship. Season 2010 has begun already."