Speaking to Motorsport.com at the London ePrix Formula E race today, Ghosn declared that Renault’s F1 destiny is still undecided.

“Everything is open,” said Ghosn. “We are really reviewing the situation, we have different options.

"In Formula 1, there are various options that we keep analysing, but it doesn't just depend on us, it also depends on the Formula 1 governing body.

"There's the matter of TV rights, there's the matter of return on investment, but I think by the end of the year, we will take a firm stance.

"Renault has a long tradition of taking part in motorsport. Formula 1 is part of it. If we could continue in better conditions, it would be the best option. But we need good conditions, which is not guaranteed yet.

“We still have not made a decision but we will make a decision soon. All the options are open.”

Formula E involvement to continue

Speaking about Renault’s increasing interest in the FIA Formula E Championship – via the e-DAMS Renault team which sealed the Constructor’s title this weekend – Ghosn said: “We are here and we are very happy to be able to be able to contribute and you can expect us to be involved in the future.

“We like what this represents. This is about competition, it is about zero emissions and this is about young people.

“I am very impressed at the youth of the people who come and cheer for Formula E so you can expect to see us more involved in the future.”