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Mercedes set to drop Petronas for Saudi sponsor

Article To news overview © Mercedes Mercedes are set to drop long-term sponsor and supplier Petronas, with a new deal on the way for 2022. RacingNews365.com has learned that Mercedes are to sign a deal with Saudi Arabia's Aramco oil company The deal would end Mercedes' long-standing arrangement of more than a decade with Petronas, the Malaysian company having been a sponsor of Mercedes since the German brand's return to F1 as a works team in 2010. INEOS, a part-owner of the team, with Sir Jim Ratcliffe owning an equal third of Mercedes alongside Toto Wolff and Daimler, signed a deal with Saudi Aramco and France's Total company in 2019, building three plants in the Kingdom of Saudi Arabia....
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1mo ago from RacingNews365.com 0
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