Editing Renault in Formula One (section)

==== Purchase of and transition from Benetton Formula (2000–2001) ====
On 16 March 2000, the [[Renault-Nissan Alliance]] through the Renault brand purchased Benetton Formula Limited for $120 million, to return to Formula One.<ref>{{Cite web|last=Autoweek|date=16 March 2000|title=Renault buys Benetton F1 team|url=http://autoweek.com/news/a2124306/renault-buys-benetton-f1-team/|access-date=10 September 2021|website=Autoweek|language=en-US}}</ref><ref>https://www.grandprix.com/news/renault-buys-benetton.html</ref> The history of the team acquired by Renault started in 1981 as the [[Toleman]] Motorsport team, based in [[Witney]], Oxfordshire, England. In 1986, the team was renamed to [[Benetton Formula]], following its purchase in 1985 by the [[Benetton family]]. In 1992/3 the team moved a few miles to a new base in [[Enstone]]. Renault continued to use the Benetton constructor name for the {{F1|2000}} and the {{F1|2001}} seasons, with the Renault name returning in 2001 as an engine brand.<ref>{{Cite web|title=Benetton|url=https://www.racing-statistics.com/en/constructors/benetton|access-date=10 September 2021|website=Formula 1 Statistics|language=en}}</ref> When reporting the purchase the ''[[International Herald Tribune]]'' commented that "the team will not race under the Renault name until it is ready to win and reap the marketing benefits".<ref>{{cite news|first = Brad|last = Spurgeon|title = Teams Rev Up for Battle in the Brand-Name Game|work=International Herald Tribune|page = 24|date = 24 March 2000}}</ref> It was not until 2002 that this name change occurred.<ref>{{Cite web|title=Renault R202 – F1technical.net|url=https://www.f1technical.net/f1db/cars/859/renault-r202|access-date=10 September 2021|website=www.f1technical.net}}</ref>