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Benetton Formulation Ltd., commonly referred to merely as Benetton, was a Formula One constructor that participated coming from 1986 to 2001. The team was owned from the Benetton family who run an international chain of clothing stores from the same name. In 2000 the group was purchased by Renault, but competed as Benetton with the 2000 and 2001 seasons. In 2002 the group became Renault F1.The Benetton Group entered Formula One as a sponsor company for Tyrrell within 1983, then Alfa Romeo throughout 1984 and 1985 and finally Toleman in 1985. Benetton Formula Ltd. was formed at the conclusion of 1985 when the actual Toleman team was sold on the Benetton family. The team began with BMW engines and later switched to Ford then Renault last but not least Playlife.

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This team was managed through Flavio Briatore from 1990 right up until 1997. In about 1991, TWR acquired a one-third stake in the team, bringing in Tom Walkinshaw and Ross Brawn to own the engineering operations. Rocco Benetton, the youngest son associated with Luciano Benetton joined the team as Leader in 1998 and fired Briatore. He replaced him having Prodrive boss David Richards, who lasted only for any year when he as well was fired, due to a disagreement while using Benetton family about foreseeable future strategy. Following Richards' departure, Rocco Benetton managed the team for four years until its sale to be able to Renault.The Benetton team 's best known for its success with Michael Schumacher, who accounts for 19 from the team's 27 career wins and their 2 drivers' titles. After switching to Renault motors, they also won this 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 months with Benetton.

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Upon March 16, 2000, the team was sold to Renault for $120 thousand US. As part of their restructuring, Renault brought back Flavio Briatore as team manager. The team still used the Playlife engines (even though descended from Renault motors) they had been using for the last two years. The drivers were Giancarlo Fisichella and also Alexander Wurz. The team scored 20 items, as well as 3 podium is done in 2000 at South america, Monaco and Canada.During their final time in 2001 the drivers, Jenson Button and Giancarlo Fisichella, were often on the trunk two rows of the particular grid. This was in part caused by the new 111-degree large angle engine. But continued development helped Benetton to leave System 1 on something of an high, and the cars' overall performance lifted. Button and Fisichella scored 10 points to the team, including a podium finish off for Fisichella in Belgium.

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Throughout the 1994 season, some rival teams advertised Benetton had found methods to violate the FIA-imposed ban on electronic aids, including traction control and launch control. On investigation, the FIA discovered "start sequence" (release control) software inside Benetton B194 cars, and a variety associated with illegal software in rival teams' cars also. FIA had no evidence the software was ever used, so teams found while using the software received little 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 that will "Our only mistake was that back then we were too young and people were suspicious".