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Benetton Formula Ltd., commonly referred to basically as Benetton, was a Formula 1 constructor that participated by 1986 to 2001. The team was owned through the Benetton family who run a worldwide chain of clothing stores from the same name. In 2000 the workforce was purchased by Renault, but competed as Benetton for the 2000 and 2001 periods. In 2002 the workforce became Renault F1.The Benetton Group entered Formula One as a sponsor company for Tyrrell with 1983, then Alfa Romeo with 1984 and 1985 last but not least Toleman in 1985. Benetton Formula Ltd. was formed at the tip of 1985 when your Toleman team was sold towards Benetton family. The team began with BMW engines after which it later switched to Ford then Renault and then Playlife.

Your team was managed by Flavio Briatore from 1990 until 1997. In about 1991, TWR acquired a one-third stake in the team, bringing in Tom Walkinshaw and Ross Brawn running the engineering operations. Rocco Benetton, the youngest son of Luciano Benetton joined the team as Chief executive in 1998 and let go Briatore. He replaced him together with Prodrive boss David Richards, who lasted only for any year when he far too was fired, due to a disagreement using the Benetton family about foreseeable future strategy. Following Richards' departure, Rocco Benetton managed the team for several years until its sale for you to Renault.The Benetton team is better known for its success with Michael Schumacher, who accounts for 19 in the team's 27 career advantages and their 2 drivers' titles. After switching to Renault motors, they also won the constructor's championship in 1995 together with Schumacher and Johnny Herbert. After 1995, Schumacher moved to Ferrari along with Ross Brawn, Rory Byrne and 11 different key figures from his two championship winning conditions with Benetton.

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With March 16, 2000, the team was available to Renault for $120 million US. As part of their own restructuring, Renault brought back Flavio Briatore since team manager. The team still utilised the Playlife engines (though descended from Renault motors) they had been using during the last two years. The drivers were Giancarlo Fisichella along with Alexander Wurz. The team scored 20 points, as well as 3 podium completes in 2000 at South america, Monaco and Canada.During their final time of year in 2001 the owners, Jenson Button and Giancarlo Fisichella, were often on the rear two rows of the grid. This was in part assigned to the new 111-degree vast angle engine. But continued development granted Benetton to leave Formulation 1 on something of an high, and the cars' effectiveness lifted. Button and Fisichella scored 10 points for the team, including a podium conclude for Fisichella in Belgium.

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Through the 1994 season, some rival teams said Benetton had found methods to violate the FIA-imposed suspend on electronic aids, including traction control and also launch control. On investigation, the FIA discovered "start sequence" (start control) software inside the Benetton B194 cars, and a variety connected with illegal software in rival teams' cars also. FIA had no evidence the program was ever used, so teams found while using software received little for you to no punishment. No traction control software was found to be in the Benetton cars, however. Flavio Briatore, Benetton's chief in 1994, said in 2001 in which "Our only mistake was that at the time we were too young and people were suspicious".