Britain's BBC reports that Renault management has called an emergency board meeting in Paris to consider its Formula 1 involvement, in light of Toyota's decision earlier today to withdraw from grand prix racing.
According to the report, the board will consider whether to continue the current program, reduce it to becoming an engine supplier, as it did in partnership with Williams in its previous F1 involvement, or quit the sport altogether. The BBC says the emergency board meeting will be attended by Renault F1 bosses Bob Bell and Jean-Francois Caubet, but they will not be allowed to take part in the debate about the team's future.
In addition to its works team, which recently signed Robert Kubica to replace the Ferrari-bound Fernando Alonso for 2010, the Renault squad also supplies engines to Red Bull Racing – which decisively outshone the company's own team in F1 this year. Red Bull's Renault deal is set to expire at the end of the year, but team boss Christian Horner said yesterday that he was looking to conclude a new contract with the French manufacturer.