Renault have been given a two-year suspended ban for their role in fixing last year's Singapore Grand Prix.
The team were called before governing body the FIA to answer charges they had asked driver Nelson Piquet Jr to crash to help team-mate Fernando Alonso win.
Former team boss Flavio Briatore has been banned from FIA sanctioned events for an unlimited period.
Renault's ex-engineering director Pat Symonds has also been excluded from F1 for five years.
The plan to deliberately crash was their idea, Piquet told the FIA.
Briatore and Symonds parted company with Renault last week at the same time as the French car giant said they would not contest the charges.
At a hearing in Paris on Monday, the ruling World Motor Sport Council hearing found Renault "in breach of the International Sporting Code and Sporting Regulations."
A statement by the FIA added: "The council considers Renault F1's breaches relating to the 2008 Singapore Grand Prix to be of unparalleled severity.
"They not only compromised the integrity of the sport but also endangered the lives of spectators, officials, other competitors and Nelson Piquet Jr. himself.
"The WMSC considers that offences of this severity merit permanent disqualification from the FIA Formula One World Championship.
"However, in particular the steps taken by Renault F1 to identify and address the failings within its team and condemn the actions of the individuals involved, the WMSC has decided to suspend Renault F1's disqualification until the end of the 2011 season."
BBC SPORT | Motorsport | Formula 1 | Renault handed suspended F1 ban
Does that mean they are not gonna have anything done to them unless they are naughty in the 2 years? Or at the end of 2011 they will be not able to compete for 2 years?
Renault handed suspended F1 ban
Linear Mode
