News Details
Research shows world's biggest companies involved in F1
By Editor on Monday, July 16, 2012 Almost half of the world's biggest 25 companies have been involved in Formula One in the past five years.
And the new research by F1′s industry monitor Formula Money said a third of the world's 100 top companies have in the same period been involved in F1 as sponsors, owners or investors.
They include three of the world's five biggest companies — Ferrari sponsor Shell, Exxon Mobil (McLaren) and former Chinese grand prix backer Sinopec.
Journalist Christian Sylt said oil companies and carmakers are 'naturally drawn to F1 due to the obvious affinity between the sport and their businesses'.
The banking industry is also attracted to F1 'by the...
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