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Benetton Method Ltd., commonly referred to simply as Benetton, was a Formula 1 constructor that participated via 1986 to 2001. The team was owned from the Benetton family who run an international chain of clothing stores in the same name. In 2000 the crew was purchased by Renault, but competed as Benetton with the 2000 and 2001 months. In 2002 the crew became Renault F1.The Benetton Group entered Formula One being a sponsor company for Tyrrell with 1983, then Alfa Romeo within 1984 and 1985 and then Toleman in 1985. Benetton Formula Ltd. was formed at the end of 1985 when the Toleman team was sold to the Benetton family. The team began with BMW engines and then later switched to Ford then Renault and then Playlife.

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The actual team was managed through Flavio Briatore from 1990 till 1997. In about 1991, TWR acquired a one-third stake in the team, bringing in Tom Walkinshaw and Ross Brawn to perform the engineering operations. Rocco Benetton, the youngest son regarding Luciano Benetton joined the team as Chief executive in 1998 and fired Briatore. He replaced him using Prodrive boss David Richards, who lasted only for a year when he too was fired, due to a disagreement using the Benetton family about upcoming strategy. Following Richards' departure, Rocco Benetton managed the team for 36 months until its sale to help Renault.The Benetton team 's best known for its achievements with Michael Schumacher, who accounts for 19 in the team's 27 career victories and their 2 drivers' titles. After switching to Renault search engines, 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 some other key figures from his two championship winning conditions with Benetton.

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About March 16, 2000, the team was sold to Renault for $120 mil US. As part of their own restructuring, Renault brought back Flavio Briatore seeing that team manager. The team still applied the Playlife engines (although descended from Renault motors) they had been using going back two years. The drivers were Giancarlo Fisichella as well as Alexander Wurz. The team scored 20 details, as well as 3 podium coatings in 2000 at Brazilian, Monaco and Canada.During their final time in 2001 the owners, Jenson Button and Giancarlo Fisichella, were often on the rear two rows of the actual grid. This was in part caused by the new 111-degree large angle engine. But continued development permitted Benetton to leave Solution 1 on something of any high, and the cars' functionality lifted. Button and Fisichella scored 10 points with the team, including a podium conclude for Fisichella in Belgium.

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Over the 1994 season, some rival teams said Benetton had found a way to violate the FIA-imposed prohibit on electronic aids, including traction control and also launch control. On investigation, the FIA discovered "start sequence" (start control) software inside Benetton B194 cars, and a variety of illegal software in rival teams' cars too. FIA had no evidence the application was ever used, so teams found while using software received little in order 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 of which "Our only mistake was that back then we were too young and individuals were suspicious".