Renault chief executive Luca de Meo has said their "family jewel" Alpine Formula 1 team is not for sale after the company confirmed its engine production will end after next season for financial reasons.

Struggling Formula 1 team Alpine confirmed it will no longer use its homemade Renault engines in 2026. Alpine said in a statement on Monday that its F1 engine factory at Viry-Chatillon on the outskirts of Paris would become an engineering center called Hypertech Alpine,

Alpine team principal Oliver Oakes has thrown his full support behind Renault’s decision to exit Formula 1 as an engine supplier.