Thursday 2 September at 16:01 : Sep.2 (GMM) Renault F1 has scoffed at reports suggesting its former French carmaker parent is considering buying back the Enstone based team.

Amid the car sales crisis and economic downturn, and the damaging crashgate scandal, Renault SA sold a rumoured 85 per cent of the team that still bears its name to Luxembourg-based investment firm Genii Capital.

But Finland's Turun Sanomat claimed the carmaker's financial situation has dramatically improved to the point that it is interested in returning wholeheartedly to F1.

"Rumour mill in overdrive with some creative stories on the web," Renault F1 said via its official Twitter account.

"For the record, Renault are very happy with the Genii partnership, great visibility and a good relationship. No plans to change," added RF1paddockpass.

Renault also dismissed rumours that Felipe Massa could be headed to Renault next year, with Robert Kubica linked once again to Ferrari.

"Has anybody seen Robert and Felipe standing next to each other? I'm not sure they'd fit in each other's seats if they swapped," wrote the team's Twitter author.