Renault unveils 2016 Formula One lineup

Updated 1818 GMT (0218 HKT) February 3, 2016
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Renault has launched its new car, the RS16, for the company's return to Formula One in 2016 as a fully-fledged team. renault
The French firm has bought back the team it sold in various stages from 2010, which became known as Lotus. renault
Renault will supply its own engines, as well as continue its relationship with Austrian-owned Red Bull -- which deteriorated in the last two seasons following the end of their four-year dominance of F1. renault
Renault president Carlos Ghosn (center) shakes hands with the team's 2016 drivers -- Britain's Jolyon Palmer (left) and Denmark's Kevin Magnussen. FRANCK FIFE/AFP/AFP/Getty Images
Renault, F1 team and driver champions in 2005 and 2006, has not raced as a constructor since 2010 when it sold the shares in its team to Genii Capital -- which eventually rebranded it as Lotus -- to focus on its role as an engine supplier. FRANCK FIFE/AFP/AFP/Getty Images
Rookie Palmer replaces Romain Grosjean, pictured driving for Lotus in 2012. The Frenchman has joined the new U.S. Haas F1 team. Mark Thompson/Getty Images South America/Getty Images/file
This was an all-too familiar sight for Lotus fans -- Pastor Maldonado's car being hoisted off the track after a practice crash in Belgium last year. The Venezuelan driver failed to finish nine of 19 races in 2015. EMMANUEL DUNAND/AFP/AFP/Getty Images
The last year Renault raced as a constructor was 2009. Clive Mason/Getty Images South America/Getty Images/file
The team's last outright championship successes were in 2005 and 2006, when Fernando Alonso doubled up with the drivers' titles. Mark Thompson/Getty Images South America/Getty Images
Renault has also announced it will continue its commitment to the Formula E series for at least another two seasons. Its Renault e.dams team won the inaugural 2014-15 championship and leads after three rounds of 2015-16. Francois Flamand/DPPI Media/Francois Flamand / DPPI