mercedes aramco extend f1 deal long term

Aston Martin and Aramco F1 deal extended long-term

mercedes aramco extend f1 deal long term

Aston Martin and Aramco confirmed the long-term extension of their Formula 1 commercial partnership, with an eye on becoming more involved in 2026 when Team Green is to be powered by Honda.

Fernando Alonso and Lance Stroll will drive for the team in the 2024 F1 World Championship, having finished fifth in this year’s F1 Constructors’ Championship with their Spanish veteran, finishing fourth in the Drivers’ standings.

Thus Aramco takes over title sponsorship which they had previously shared with American-IT company Cognizant.

The team’s Executive Charman Lawrence Stroll commented in a press release: “We are very proud to continue and strengthen our successful partnership with Aramco. We already enjoy an important strategic relationship and their support as our title partner for the next five years is a clear demonstration of our shared ambition.

“Since 2022, they have played a key role in Aston Martin’s Formula One journey and their contribution will only become more significant in the years ahead. We are working together on several key initiatives, including the development of advanced fuels for 2026, when we begin our Honda works power unit partnership.

“Aramco’s expertise and products will make a real contribution to our on-track performance and add significant value in many other areas of our organisation, especially at our new AMR Technology Campus,” concluded Stroll

More from the official Aston Martin press release:

Aramco, one of the world’s leading integrated energy and chemicals companies, and the Aston Martin Formula One team announce a long-term extension of their partnership. From 1 January, 2024, the Silverstone-based team will be known as the Aston Martin Aramco Formula One Team.

From 2026, Aramco intends to provide best-in-class technology to deliver advanced fuels and lubricants to the team, alongside the team’s new works power unit engine partnership with Honda.

Nabeel A. Al-Jama’, Aramco Executive Vice President Human Resources & Corporate Services, said: “We are delighted to become the exclusive title partner of the Aston Martin Aramco Formula One Team. Since partnering with the team in 2022, we have witnessed the team take significant strides forward and have enjoyed celebrating some very special moments, including eight podiums this season.

“The future for the Aston Martin Aramco Formula One® Team is bright, and today’s news reaffirms our long-term commitment to Aston Martin where Aramco’s expertise and technology can contribute to advanced car performance, especially with our development of advanced fuels and lubricants,” added Al-Jama.

Together, Aramco and the Aston Martin Aramco Formula One Team will work on joint science, technology, engineering and mathematics (STEM) initiatives to inspire the young technicians, engineers and drivers of the future.