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.
- 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.
- “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.”