Renault could follow BMW out of F1

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The FIA made it clear the team's withdrawal could have been avoided if they had been allowed to implement planned cost cuts, and then fuelled rumours suggesting another manufacturer could follow.

Toyota and Mercedes-Benz have confirmed they are to remain in F1 in light of new financial restrictions due to come into force, leaving the fate of Renault uncertain.

Although Toyota's future has long been the centre of speculation, a Motor Corporation spokesman stated: "Through cost reduction we will continue our Formula One activities. Our situation remains unchanged."

As for Mercedes-Benz, a 40% stakeholder in McLaren and engine supplier to Brawn GP and Force India, a spokesman said: "We regret the Formula One withdrawal of BMW. This decision does not have any influence on our Formula One engagement."

Renault, though, are facing a major shortfall in their budget as primary sponsors ING are pulling out after this season.

Their public image took another battering on Sunday when stewards announced a suspension for the race in Valencia on August 23 after Fernando Alonso's car dangerously shed a tyre during the Hungarian Grand Prix.

Further question marks hang over Renault as there are rumours team boss Flavio Briatore has been attempting to raise the finances to keep them in F1 as an independent.

BMW Sauber could yet return to privateer hands as former owner Peter Sauber still holds a 20% stake after selling the team to the German giants in 2005.

Sauber, though, has been left reeling by the news as he said: "I respect and accept the decision, but am still finding it hard to digest. The position we are in now makes it very difficult."