(FILES) In this file photo taken on February 28, 2020 Renault’s French driver Esteban Ocon takes part in the tests for the new Formula One Grand Prix season at the Circuit de Catalunya in Montmelo in the outskirts of Barcelona. – Renault said onMay 29, 2020 it will continue to run a team in the Formula One world championship, despite announcing nearly 15,000 job losses in the wake of plummeting car sales. The French manufacturer, which returned to F1 in 2016 after a five-year absence, said upcoming changes to the sport’s spending cap will help them continue to compete. (Photo by Josep LAGO / AFP)