Petronas Becomes Title Sponsor Of Mercedes GP In A Five-year Deal

You are reading this right—No, it is not Lotus F1 Racing. Petronas, Malaysia's national oil and gas company, has inked a deal to be the title sponsor of Mercedes GP in a five-year agreement. Mercedes GP, renamed from reigning F1 champion Brawn GP, will be officially known as Mercedes GP PETRONAS Formula One Team from next season.

“The new title partnership also paves the way for future collaborations between the two companies”, Mercedes said in a statement. Meanwhile team principal Ross Brawn added that “Everyone at Mercedes GP is delighted to confirm our long-term agreement with Petronas”.

This development, however, means Lotus F1 Racing has lost out on a major sponsor. To make matters worse, Petronas is Malaysian and should logically be sponsoring the new Lotus F1 Team, after the sponsorship deal with BMW-Sauber recently ended.

Petronas will continue to be the title sponsor of the PETRONAS Malaysian F1 Grand Prix, which will host the third round of the 2010 F1 season at Sepang on April 4.

AboutSeow Yaohan

Seow Yao Han strives to bring you the latest and the most comprehensive information on cars available in Malaysia. But it's never easy for him to talk and write cars in this part of the world because what you lust after is often not what you drive home. When the euphoria of test-driving that branded, super-expensive sports car dies down, he just goes home in his less-than-glamorous ride.