Luxembourg investment company Genii Capital is to buy 75% of the team, which will be run jointly with Renault.

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And sat down with the genii for long periods, during which we marveled that such a thing could be happening.

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"We would like to know about Genii Capital and who is doing what in the team - a partner can be a sleeping partner or a controlling partner, " he said.

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If you want a replacement instead of a refund then I suggest you take a trip over to your nearest Apple and show one of the Apple Genii the problem.

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Renault F1 team president Bernard Rey revealed they had decided to maintain a strategic commitment to the sport with the help of Genii Capital, a Luxemburg based firm specialized in new technologies, brand management and motorsport.

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Through 2010, the French company had retained only a 25% shareholding in the team that bears its name, and it has now sold its remaining equity so the outfit is now wholly owned by the Genii Capital private equity group that is running it.

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Due diligence for Genii and agreements with GM over intellectual property rights (since Saab has new models coming out over the next few years that depend on GM's technology) will take time to overcome, but time seems to be "something GM does not want to take, " said Fletcher.

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