Toyota’s decision to leave F1 had prompted Renault to reassess their continued involvement in the sport.

According to the BBC the French manufacturer held an emergency board meeting to discuss whether to remain in Formula One, become an engine supplier only, or exit the sport altogether.

Renault president Carlos Ghosn is due to promote the Renault’s zero-emissions policy during a special publicity event on Thursday.

Ghosn is known to be less than enthusiastic about F1, seeing the sport as increasingly irrelevant in a changing economic and environmental landscape.

Acting F1 team principal Bob Bell and managing director Jean-François Caubet were said to be present at the meeting to argue the case for a continued involvement.

Renault were expected to continue in F1 after signing Polish driver Robert Kubica to replace the Fernando Alonso who is moving to Ferrari.