Renault aims for fifth place in 2017 championship

Britain Formula One - F1 - 2017 Renault Formula One Car Launch - The Lindley Hall, London - 21/2/17 Renault's Jolyon Palmer and Nico Hulkenberg unveil the new car Reuters / Alan Walter Livepic

LONDON (Reuters) - The Renault Formula One team unveiled their new-look 2017 car on Tuesday with a target of the top five in the championship, and possible podium finishes, after struggling among the back-markers last season.

The former world champions returned as full constructors in 2016, after taking over the failing Lotus team, and finished ninth out of 11 with drivers Kevin Magnussen of Denmark and Briton Jolyon Palmer.