Formula One

Mercedes, Petronas Extend F-1 Sponsorship

Petronas has agreed to a multi-year contract extension to remain as title sponsor of the Mercedes Formula One team. (Mercedes Photo)

Petronas has agreed to a multi-year contract extension to remain as title sponsor of the Mercedes Formula One team. (Mercedes Photo)

MONACO – The Mercedes AMG Petronas Formula One team has announced a long-term extension of its title partnership agreement with the Malaysian national oil and gas company, Petronas.

The new agreement was unveiled during the Monaco Grand Prix at a press conference attended by Tan Sri Dato’ Shamsul Azhar Abbas, president & Group CEO of Petronas; Dr. Dieter Zetsche, chairman of the Board of Management, Daimler AG and Head of Mercedes-Benz Cars; and Toto Wolff, head of Mercedes-Benz Motorsport.

The partnership between Mercedes-Benz and Petronas dates back to 2010, when the Silver Arrows works team joined the grid for the first time since 1955 and revived one of the most prestigious traditions in motorsport.

During that time, the two companies have grown a state-of-the-art technological partnership to deliver cutting-edge Fluid Technology Solutions for the Hybrid Power Unit and chassis of the works Silver Arrow cars. The integrated development of the 2014 Silver Arrow included the Fluid Technology expertise of Petronas to create tailor-made solutions for the technical challenges of the 2014 regulations and deliver a clear Petronas advantage on track.

So far in 2014, the Mercedes AMG Petronas cars have scored more than 90 percent of the possible maximum points, including five consecutive wins and four one-two finishes. Overall, Petronsa Fluid Technology Solutions have claimed nearly 60 percent of the total points available this season with the works Silver Arrows and Mercedes-Benz customer teams.

Furthermore, this technological partnership has been complemented by a strategic business alliance with Mercedes-Benz, extending the partnership from the track to the road. The cutting-edge technology developed in the proving ground of Formula One drives the creation of class-leading lubricants for passenger cars, including high-performance Mercedes-AMG road cars.

Posted by on May 24 2014 Filed under Formula One, Latest Headlines. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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