Yesterday Renault Sport F1 and Williams F1 inked a new F1 partnership. This has sparked rumors about revivification of the Clio Williams, a hot hatch from the 90s.

You know these days Renault makes a special edition of the Clio and their other hatchbacks every two hours, they even revived the Gordini badge. So it makes perfect sense to bring back the iconic Williams Clio which celebrated the ultra-successful Formula 1 partnership.

Renault insiders have told Top Gear that a new Clio Williams edition is very likely, and it will be much hotter than the current Gordini models both visually and mechanically. Although it’s too soon to speculate about the its features and details, but it certainly will get the blue color and gold wheels of the original car.

As for the F1 deal for chassis-engine partnership, Renault Sport F1, the F1 division of Renault, will supply AT&T Williams with its championship-winning V8 power units for the 2012 and 2013 seasons. In addition to the supply of its Formula One engines, the newly-formed co-operation includes several other exciting business and marketing opportunities, with a view to continuing after the introduction of the new, energy efficient, turbocharged V6 engines in 2014.

Renault Sport F1 president, Bernard Rey, commented, “Renault remains in Formula One to achieve success in a cost efficient way and the partnership with Williams has great potential to add to the results we have notched up over recent years with our other partner teams. Williams has recently taken several important steps, both commercially and technically, to update its operations and we feel that this partnership is another important step in its rigorous plan. It reiterates how determined the team is to achieve results, which matches perfectly with our own objectives.

“Of course there’s also a great pride in reviving the Williams-Renault name. Together, we produced racing cars that are recognised for their technical innovation and it is still Renault’s most successful period in F1 to date. It’s a hugely exciting opportunity for both Renault and Williams.”

Frank Williams, Team Principal of AT&T Williams, added, “We are delighted and excited by our new partnership with Renault. This reunites the F1 team with a leading car manufacturer and complements our new relationship with Jaguar. At the same time, we are grateful to Cosworth: they have been a fair and reliable partner both on and off the track for the past two years and we look forward to working with them across our business in the future.

“Our previous relationship with Renault was one of the most successful in Williams’ history but we will not allow ourselves to dwell too much on the past. We must look to the future and continue to re-build our on-track reputation, which I am hopeful that today’s announcement will help us to do.”