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Benetton Formula Ltd., commonly referred to just as Benetton, was a Formula One constructor that participated through 1986 to 2001. The team was owned because of the Benetton family who run an internationally chain of clothing stores in the same name. In 2000 the group was purchased by Renault, but competed as Benetton for the 2000 and 2001 periods. In 2002 the workforce became Renault F1.The Benetton Group entered Formula One as 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 final of 1985 when your Toleman team was sold on the Benetton family. The team began with BMW engines then later switched to Ford then Renault last but not least Playlife.

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The team was managed by Flavio Briatore from 1990 till 1997. In about 1991, TWR acquired a one-third stake inside the team, bringing in Tom Walkinshaw and Ross Brawn to perform the engineering operations. Rocco Benetton, the youngest son connected with Luciano Benetton joined the team as Chief executive in 1998 and terminated Briatore. He replaced him having Prodrive boss David Richards, who lasted only for just a year when he far too was fired, due to a disagreement with all the Benetton family about potential strategy. Following Richards' departure, Rocco Benetton managed the team for four years until its sale to be able to Renault.The Benetton team is the most suitable known for its achievement with Michael Schumacher, who accounts for 19 on the team's 27 career wins and their 2 drivers' titles. After switching to Renault applications, they also won this constructor's championship in 1995 together with Schumacher and Johnny Herbert. After 1995, Schumacher moved to Ferrari in conjunction with Ross Brawn, Rory Byrne and 11 additional key figures from his / her two championship winning periods with Benetton.

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Upon March 16, 2000, the team was offered to Renault for $120 trillion US. As part of their particular restructuring, Renault brought back Flavio Briatore while team manager. The team still applied the Playlife engines (while descended from Renault motors) they'd been using for the last two years. The drivers were Giancarlo Fisichella as well as Alexander Wurz. The team scored 20 factors, as well as 3 podium surface finishes in 2000 at South america, Monaco and Canada.During their final year in 2001 the owners, Jenson Button and Giancarlo Fisichella, were often on the spine two rows of the particular grid. This was in part due to the new 111-degree broad angle engine. But continued development granted Benetton to leave Solution 1 on something of a high, and the cars' performance lifted. Button and Fisichella scored 10 points for that team, including a podium finish off for Fisichella in Belgium.

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Over the 1994 season, some rival teams stated Benetton had found a method to violate the FIA-imposed suspend on electronic aids, including traction control in addition to launch control. On investigation, the FIA discovered "start sequence" (start control) software inside Benetton B194 cars, and a variety connected with illegal software in rival teams' cars at the same time. FIA had no evidence the software program was ever used, so teams found with all the software received little for you 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 that "Our only mistake was that back then we were too young and the wonderful were suspicious".