Renault Formula One racing driver Kevin Magnussen of Denmark (2ndR) and teammate Jolyon Palmer of Britain (L) unveil the new Renault RS16 car during its official presentation at the company's research center, the Technocentre, in Guyancourt, near Paris, France, February 3, 2016. REUTERS/Benoit Tessier
PARIS (Reuters) - Renault face a year of rebuilding in Formula One after taking over the financially struggling Lotus team that was on the brink of collapse, British driver Jolyon Palmer said on Wednesday.
The rookie, winner of the feeder GP2 series in 2014 and son of ex-racer Jonathan Palmer, was the Lotus reserve last year and took part in regular practise sessions at grands prix.
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