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Petronas denies Mercedes exit rumors

Petronas has confirmed their commitment to the Mercedes F1 team and dismissed rumors of their separation.

Why it matters: Recent rumors suggested that Saudi Arabian oil company Aramco will replace Petronas as the primary sponsor of Mercedes.

Details:

  • According to Motorsport.com, the current Mercedes-Petronas contract is intended to end in 2025.
  • Petronas has responded to the uprise in rumors regarding their exit from Formula 1.

The statement:

  • “Petronas and Mercedes have been partners since 2010 in a collaborative long-term relationship that is mutually beneficial to both parties.”
  • “Last year, we extended our partnership for another multi-year cycle and we are proud to continue to be working together to deliver cutting-edge performance.”
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