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Mercedes deny Petronas withdrawal reports
Mercedes have denied that Petronas are stepping back as title sponsor for the Formula 1 team any time soon. Reports emerged over the weekend suggesting that Petronas, in keeping with a reduction in their other motorsport sponsorship programmes, would be ending or limiting their partnership with the F1 World Champion team, suggesting that Saudi giant Aramco would be the replacement. But these reports are off the mark as the Petronas, owned by the Malaysian government, have a deal to back Mercedes that is reportedly set to run until 2025. The partners released the following statement regarding the matter: “Petronas and Mercedes have been partners since 2010 in a collaborative long-term...
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