Renault have set the target of claiming podium finishes within three years with the returning former champions braced for a rebuilding season in 2016. The French car giants formally launched their return as an F1 constructor at a ceremony in Paris and announced a new structure for the team formerly known as Lotus as well as the companys wider motorsport activities.But although Renault become just the third works team on the grid after Mercedes and Ferrari, they only completed their takeover in December and were keen to manage short-term expectations at Wednesdays car launch. The team has been given the goal to be on podium within three years, said Renault chairman Carlos Ghosn.Cyril Abiteboul, Renault Sports managing director, added: We have to be realistic about 2016. In some areas we are playing catch-up - its no secret that we missed the start of the new power unit regulations and Enstone needs a bit of TLC.This is a year to re-build relations… thats not to say that we will write off the year, but we are aiming to put everything in place for improved success in 2017. Craig Slater reports from Paris where Renault have unveiled the RS16 Although the three-year podium target might seem relatively modest given cash-strapped Lotus finished third at last Augusts Belgian GP, the Enstone team have not been regular front-runners since 2013 and Renaults V6 engine is down on power compared to Mercedes and Ferraris units.New race driver Jolyon Palmer believes Renault are right not to make any bold 2016 proclamations. Renault reveal 2016 car New-look team the first to break cover with their 2016 challenger Its difficult to say at the moment [what the targets are] because were taking over from the Lotus team which were in a big mess at the end of last year, the British driver told Sky Sports News HQ.Everythings very positive about Renault now and the team, but first of all weve got to see where we are when we start testing in a couple of weeks. Reserve driver Esteban Ocon (left) joined race drivers Jolyon Palmer and Kevin Magnussen at the unveiling This is a rebuilding year. Everythings a little bit late and not planned as ideal. The long-term goal is very optimistic but well just hold fire on expectations for the moment and see where were going to be in a couple of weeks.Palmer was joined at the Renault launch by Kevin Magnussen, the 11th-hour replacement for Pastor Maldonado in the teams 2016 line-up after the Venezuelans deal fell through.The 2014 GP2 champion says he never had any worries that he might suffer the same fate as Maldonado and is excited to be a part of Renaults new era. Unlike Pastor Maldonado, Palmer has kept his seat since the change of team ownership I knew the terms when my deal was signed to be racing this year - it was either with Lotus or with Renault, Palmer said. The biggest anxiety I had is when we werent sure because Lotus were in a lot of difficulties at the end of last year.So when Renault signed their deal it was basically a lot of relief and a lot of excitement because there is so much they can do in Formula 1. Theyve got a great history and a lot of ambition to get back to the front, which is fantastic news for a driver like myself. Team Enstone: Two eras compared Renault era (2002-2009) Genii/Lotus era (2010-2015) Races 140 115 Wins 20 2 Win ratio 14.3% 1.7% Pole positions 20 0 Podiums 54 30 Average championship finish 4th 5th World titles 2 Drivers & 2 Constructors 0 The first Barcelona test starts on Monday February 22 and the Sky Sports F1 Digital team will be providing live commentary from dawn until dusk on all four days of both Barcelona tests while Sky Sports News HQ will also deliver live updates from trackside. Every race live in 2016 Sky Sports F1 brings you every race live in 2016. Fast and easy online upgrade - click here. Also See: Magnussen hails incredible return 2016 Renault breaks cover Custom Barcelona Jerseys .com) - The red-hot Los Angeles Kings will try to extend their winning streak to a season-high seven games when they visit the Edmonton Oilers for Sundays clash at Rexall Place. Ivan Rakitic Jersey . Marincin has played in two NHL games so far this season with two penalty minutes. The 21-year-old has three goals, four assists and a plus-5 rating in 24 games with the American Hockey Leagues Oklahoma City Barons this season. http://www.fcbarcelonapro.com/Kids-Jasper-Cillessen-Jersey/ . Vaives lawyer Trevor Whiffen claims the former 50-goal man wasnt provided with a copy of the claim beforehand and that he would not have agreed to the allegations made against the NHL had he been asked to review its contents. Philippe Coutinho Jersey . The mixed zone is not a place to make friends. Nelson Semedo Jersey . The Celtics closed out their first preseason under Stevens on Wednesday night with a 101-97 victory over the Brooklyn Nets, who rested a lot of their lineup including former Celtics Kevin Garnett and Paul Pierce.BEIRUT - South Korea needed an equalizer in the seventh minute of injury time to earn a 1-1 draw with 10-man Lebanon in a 2014 World Cup qualifier on Tuesday. Hassan Maatouk put the hosts ahead in the 12th minute after some poor defending allowed the forward to collect the ball before firing low and hard past goalkeeper Jung Sung-ryong. South Korea soon went on the attack and the 2002 World Cup co-host was denied on several occasions in an inspired performance by goalkeeper Abbas Hassan. In the second half, South Korea came close to equalizing with 18 minutes remainingg as a header from defender Kwak Tae-hwi hit the post.dddddddddddd Nine minutes later, the visitors hit the woodwork again as Lee Dong-gook followed up after Lebanon goalkeeper Hassan had denied Kim Shin-wook. Finally, deep into injury time, Kim Chi-woo earned South Korea a vital point with a deflected free kick that wrong-footed Hassan. A minute later, Walid Ismail was sent off for a second bookable offence. The draw leaves South Korea top of Group A, level on 11 points with second-place Uzbekistan. Lebanon remains bottom of the group on five points. Wholesale Hoodies NFL Shirts Outlet Jerseys NFL Wholesale Cheap NFL Jerseys Free Shipping Wholesale Jerseys Cheap Cheap NFL Jerseys China Wholesale Jerseys Wholesale NFL Jerseys Cheap NFL Jerseys China Cheap NFL Jerseys ' ' '