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Benetton Formulation Ltd., commonly referred to simply as Benetton, was a Formula One constructor that participated by 1986 to 2001. The team was owned because of the Benetton family who run a worldwide chain of clothing stores of the same name. In 2000 the team was purchased by Renault, but competed as Benetton for that 2000 and 2001 conditions. In 2002 the workforce became Renault F1.The Benetton Group entered Formula One like a sponsor company for Tyrrell in 1983, then Alfa Romeo within 1984 and 1985 and then Toleman in 1985. Benetton Formula Ltd. was formed at the conclusion of 1985 when the actual Toleman team was sold towards the Benetton family. The team began with BMW engines after which later switched to Ford then Renault and lastly Playlife.

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This team was managed by simply Flavio Briatore from 1990 until eventually 1997. In about 1991, TWR acquired a one-third stake inside the team, bringing in Tom Walkinshaw and Ross Brawn running the engineering operations. Rocco Benetton, the youngest son regarding Luciano Benetton joined the team as Leader in 1998 and let go Briatore. He replaced him having Prodrive boss David Richards, who lasted only for the year when he far too was fired, due to a disagreement with all the Benetton family about future strategy. Following Richards' departure, Rocco Benetton managed the team for 36 months until its sale to help Renault.The Benetton team is better known for its accomplishment with Michael Schumacher, who accounts for 19 in the team's 27 career victories and their 2 drivers' championships. After switching to Renault machines, they also won the actual constructor's championship in 1995 having Schumacher and Johnny Herbert. After 1995, Schumacher moved to Ferrari in conjunction with Ross Brawn, Rory Byrne and 11 other key figures from his or her two championship winning periods with Benetton.

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With March 16, 2000, the team was distributed to Renault for $120 zillion US. As part of his or her restructuring, Renault brought back Flavio Briatore since team manager. The team still used the Playlife engines (while descended from Renault motors) they'd been using during the last two years. The drivers were Giancarlo Fisichella and also Alexander Wurz. The team scored 20 factors, as well as 3 podium is done in 2000 at South america, Monaco and Canada.During their final period in 2001 the owners, Jenson Button and Giancarlo Fisichella, were often on a corner two rows of this grid. This was in part attributed to the new 111-degree wide angle engine. But continued development granted Benetton to leave Method 1 on something of any high, and the cars' performance lifted. Button and Fisichella scored 10 points to the team, including a podium conclude for Fisichella in Belgium.

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Through the 1994 season, some rival teams believed Benetton had found methods to violate the FIA-imposed bar on electronic aids, including traction control along with launch control. On investigation, the FIA discovered "start sequence" (launch control) software inside the Benetton B194 cars, and a variety of illegal software in rival teams' cars at the same time. FIA had no evidence it was ever used, so teams found with all the software received little to be able 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 of which "Our only mistake was that at that time we were too young the ones were suspicious".