Chief technical officer of Renault Bob Bell said he regards the RS17 as "the first real Renault Formula 1 car of the modern era" after finishing ninth in 2016. Renault bought struggling Lotus late in 2015 and received a car conceived under major budget restrictions.Renault Sport boss Jerome Stoll says fifth place is the target in 2017.

According to BBC, Renault have spent the last year rebuilding for the team, adding about 200 employees after the former owners allowed staff numbers to dwindle, and have set themselves the target of battling for the races of world championship by 2020. This year's drivers are new signing Nico Hulkenberg of Germany, Nico joins from Force India, and Briton Jolyon Palmer, who stays on after his maiden season with Renault back in 2016.

As per f1reader The company won back-to-back world titles with Fernando Alonso in 2005-6 the last time they owned the same outfit based in Enstone in Oxfordshire. And company still want to maintain the honour of being the number one team and making every possible efforts to keep it to the top.

As far as cars concer It's a ground-up design as we had the time and the resources to do it, not with standing the fact that the change in the regulations demanded it. There is no carry-over of componentry from 2016 to 2017, so it really has been a clean-sheet-of-paper approach.

Renault said it had found 0.3secs a lap with its fundamentally redesigned engine and the company hopes to catch Mercedes on engine performance by the end of the season. Ultimately, Renault expect to become title contenders but it's way too early for that this year.

Renault also announced that four-time world champion Alain Prost has been appointed a special adviser to the executive committee of Renault Sport F1. For more update keep visting latinpost.com and share your views in the comment section below.