Alonso rejoins Renault

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Alonso has opted to rejoin the team that made him world champion in 2005 and 2006 next season, finally ending speculation regarding his future.

The move comes in the wake of motorsport's world governing body, the FIA, deciding not to punish Renault for their role in the spy scandal, despite finding them guilty of fraudulent conduct.

Alongside Alonso for 2008 will be Nelson Piquet Jnr, who has been promoted from his role as test driver, with team principal Flavio Briatore ditching Giancarlo Fisichella and Heikki Kovalainen.

Alonso said: "I am delighted to be returning to Renault.

"This is the team where I grew up as a driver in Formula One. Now it is time for us to begin a new chapter together.

"I am very excited about working with this great team once more, and confident that together we can move back to the front of the field.

"Renault had a difficult year in 2007, but I know that the team has real strength in depth.

"I am confident they can produce a fast and competitive car and be back at the top in 2008."