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Benetton Formula Ltd., commonly referred to basically as Benetton, was a Formula One constructor that participated via 1986 to 2001. The team was owned from the Benetton family who run an international chain of clothing stores of the same name. In 2000 the team was purchased by Renault, but competed as Benetton with the 2000 and 2001 times. In 2002 the staff became Renault F1.The Benetton Group entered Formula One as a sponsor company for Tyrrell in 1983, then Alfa Romeo in 1984 and 1985 and then Toleman in 1985. Benetton Formula Ltd. was formed at the end of 1985 when this Toleman team was sold towards the Benetton family. The team began with BMW engines after which later switched to Ford then Renault lastly Playlife.

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The particular team was managed by simply 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 run the engineering operations. Rocco Benetton, the youngest son associated with Luciano Benetton joined the team as Chief executive in 1998 and let go Briatore. He replaced him with Prodrive boss David Richards, who lasted only for any year when he way too was fired, due to a disagreement while using Benetton family about future strategy. Following Richards' departure, Rocco Benetton managed the team for three years until its sale to be able to Renault.The Benetton team is better known for its achievements with Michael Schumacher, who accounts for 19 in the team's 27 career wins and their 2 drivers' competition. After switching to Renault engines, they also won this constructor's championship in 1995 having Schumacher and Johnny Herbert. After 1995, Schumacher moved to Ferrari as well as Ross Brawn, Rory Byrne and 11 different key figures from his or her two championship winning months with Benetton.

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Upon March 16, 2000, the team was marketed to Renault for $120 zillion US. As part of their particular restructuring, Renault brought back Flavio Briatore since team manager. The team still employed the Playlife engines (despite the fact that 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 finishes in 2000 at Brazil, Monaco and Canada.During their final season in 2001 the individuals, Jenson Button and Giancarlo Fisichella, were often on the trunk two rows of the grid. This was in part assigned to the new 111-degree vast angle engine. But continued development permitted Benetton to leave Method 1 on something of an high, and the cars' efficiency lifted. Button and Fisichella scored 10 points with the team, including a podium finish off for Fisichella in Belgium.

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During the 1994 season, some rival teams advertised Benetton had found methods to violate the FIA-imposed exclude on electronic aids, including traction control along with launch control. On investigation, the FIA discovered "start sequence" (kick off control) software in the Benetton B194 cars, and a variety regarding illegal software in rival teams' cars also. FIA had no evidence the software program was ever used, so teams found using the software received little to be able 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 back then we were too young and people were suspicious".