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Sunday, 16 July 2017

Petronas renews Title Sponsorship of Formula One Champions Mercedes Team

Saturday, 15 July 2017 | MYT 10:28 PM

Petronas extends Mercedes title sponsorship for F1

Silverstone, Britain - July 15, 2017 Mercedes' Lewis Hamilton and Mercedes' Valtteri Bottas in action during qualifying REUTERS
Silverstone, Britain - July 15, 2017 Mercedes' Lewis Hamilton and Mercedes' Valtteri Bottas in action during qualifying REUTERS
 
SILVERSTONE, England: Petroliam Nasional Bhd has signed a multi-year extension to its title sponsorship of Formula One champions Mercedes despite Malaysia dropping off the race calendar after this season, the team said on Saturday.

The deal was signed at the end of last year but kept under wraps by both parties.

"We intend to stay the course," Petronas president and group chief executive Datuk Wan Zulkiflee bin Wan Ariffin said in a statement at the British Grand Prix.

"With new rules and regulations for this year, and many new things for the fans, the sport is increasing in terms of audience and that's great."

Formula One changed ownership in January, with U.S.-based Liberty Media taking over. - Reuters

Read more at http://www.thestar.com.my/business/business-news/2017/07/15/petronas-extends-mercedes-title-sponsorship/#OfIT8dJ4RR9kw1i5.99

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