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Mercedes and Petronas set to part ways
Decalspotters claims that Petronas is set to end its Formula 1 collaboration as Mercedes' title sponsor, with Aramco set to replace the Malaysian state-owned oil giant as the team's title sponsor. The news outlet focused on motorsport branding, business, and sponsorship coverage, say that the Petronas, Mercedes' F1 title sponsor since 2010 have decided to withdraw from their F1 involvement with the world champions. Decalspotters state that the reason behind Petronas' decision are the losses the company incurred due to the Covid-19 pandemic, and the drop in oil prices. The sponsorship-specialized outlet goes on to say that Saudi oil company, Aramco, a state-owned company as well, are set...
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4y ago from GrandPrix247.com
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