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Benetton System Ltd., commonly referred to simply as Benetton, was a Formula One constructor that participated through 1986 to 2001. The team was owned from the Benetton family who run an internationally chain of clothing stores on the same name. In 2000 the group was purchased by Renault, but competed as Benetton for the 2000 and 2001 seasons. In 2002 the team became Renault F1.The Benetton Group entered Formula One being a sponsor company for Tyrrell inside 1983, then Alfa Romeo with 1984 and 1985 and then Toleman in 1985. Benetton Formula Ltd. was formed at the final of 1985 when the actual Toleman team was sold to the Benetton family. The team began with BMW engines after which it later switched to Ford then Renault and finally Playlife.

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The team was managed through Flavio Briatore from 1990 right up until 1997. In about 1991, TWR acquired a one-third stake inside team, bringing in Tom Walkinshaw and Ross Brawn to operate the engineering operations. Rocco Benetton, the youngest son involving Luciano Benetton joined the team as Chief executive in 1998 and dismissed from your job Briatore. He replaced him with Prodrive boss David Richards, who lasted only for any year when he too was fired, due to a disagreement with the Benetton family about long term strategy. Following Richards' departure, Rocco Benetton managed the team for 3 years until its sale in order to Renault.The Benetton team 's best known for its accomplishment with Michael Schumacher, who accounts for 19 from the team's 27 career victories and their 2 drivers' competition. After switching to Renault engines, they also won the actual constructor's championship in 1995 together with Schumacher and Johnny Herbert. After 1995, Schumacher moved to Ferrari together with Ross Brawn, Rory Byrne and 11 some other key figures from their two championship winning periods with Benetton.

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With March 16, 2000, the team was marketed to Renault for $120 thousand US. As part of their particular restructuring, Renault brought back Flavio Briatore while team manager. The team still employed the Playlife engines (though descended from Renault motors) that they had been using going back two years. The drivers were Giancarlo Fisichella in addition to Alexander Wurz. The team scored 20 points, as well as 3 podium coatings in 2000 at Brazilian, Monaco and Canada.During their final time in 2001 the individuals, Jenson Button and Giancarlo Fisichella, were often on the trunk two rows of the actual grid. This was in part assigned to the new 111-degree vast angle engine. But continued development helped Benetton to leave Formula 1 on something of a high, and the cars' effectiveness lifted. Button and Fisichella scored 10 points for your team, including a podium complete for Fisichella in Belgium.

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Throughout the 1994 season, some rival teams stated Benetton had found a means to violate the FIA-imposed prohibit on electronic aids, including traction control along with launch control. On investigation, the FIA discovered "start sequence" (release control) software from the Benetton B194 cars, and a variety involving illegal software in rival teams' cars at the same time. FIA had no evidence the program was ever used, so teams found using the software received little to no punishment. No traction control software was found to stay the Benetton cars, however. Flavio Briatore, Benetton's chief in 1994, said in 2001 which "Our only mistake was that at the time we were too young the ones were suspicious".