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Renault admits it's 'ludicrous' to suggest it will fight Ferrari and Mercedes next year

Renault's new technical head Marcin Budkowski says it would be "ludicrous" to suggest his team can join the fight at the front of the field in Formula One next year.

Renault returned to F1 as a factory outfit in 2016 and has slowly been rebuilding its team to bring its headcount up to similar levels as its manufacturer rivals Ferrari and Mercedes. The team has made steady progress in the constructors' standings and currently sits fourth overall ahead of midfield rivals Haas and McLaren.