Advertisement

 LONDON (AP) - Renault agreed to pay what it calls ``substantial'' damages to former driver Nelson Piquet Jr. and his father over allegations they lied when they accused the Formula One team of orchestrating a crash at the 2008 Singapore Grand Prix.
After it dropped Piquet last year, Renault claimed the pair made up the story of a deliberate crash to blackmail the British-based team into keeping the driver.
The allegations surrounding the crash that allowed Fernando Alonso to win the race turned out to be true, with Renault managing director Flavio Briatore and executive director of engineering Pat Symonds banned from F1.
Piquet Jr. and his father, three-time F1 world champion Nelson Piquet, had to pursue a libel case through Britain's High Court to get an apology.
``These serious allegations contained in the press release were wholly untrue and unfounded, and we withdraw them unequivocally,'' Renault said in a statement. ``We would like to apologize unreservedly to Mr. Piquet Jr. and his father for the distress and embarrassment caused as a result.
``As a mark of the sincerity of our apology and regret, we have agreed to pay them a substantial amount of damages for libel as well as their costs, and have undertaken not to repeat these allegations at any time in the future.''
FIA banned Briatore from motor sports in September 2009 for allegedly ordering Piquet Jr. to crash his car to help his teammate.
In a deposition given to FIA investigators in exchange for his immunity, Piquet Jr. said Briatore and Symonds ordered him to crash where it would take the most time to clear the damaged car and result in the longest possible delay.
The deployment of the safety car caused the field to bunch, wiping out the leaders' advantage over Alonso, who went on to win.
Renault escaped severe punishment from FIA, receiving only a suspended ban from F1. The F1 governing body is appealing this year's ruling by a French court to overturn Briatore's lifetime suspension.
Unable to secure a F1 car after the controversy, Piquet Jr. switched to the NASCAR-Camping World Truck Series. He finished No. 46 on the money list this year with $62,600.

Recent NASCAR Discussions

NASCAR Odds

No NASCAR odds found

Nascar Top Stories

Thumbnail Bad Boy Off Road 300 Picks The NASCAR Sprint Cup Series is back in action today with the Bad Boy Off Road 300. Here are some drivers we like for this NASCAR...
Thumbnail VisitMyrtleBeach.com 300 Picks The NASCAR Xfinity Series is back in action tonight to compete in the VistiMyrtleBeach.com 300. Here are the...
Thumbnail UNOH 175 Odds The NASCAR Camping World Truck Series kicks off the racing weekend with the UNOH 175. Here is a look at the odds to win this...
Thumbnail VisitMyrtleBeach.com 300 Odds The NASCAR Xfinity Series drives under the lights this Saturday when drivers compete in the VistiMyrtleBeach.com 300. Here is a look at the...
Thumbnail Bad Boy Off Road 300 Odds The NASCAR Sprint Cup Series continues the first stage of the Chase for the Championship this weekend with the Bad Boy Off Road 300. Here is a look at the odds to...
More inNASCAR Articles