The Spanish bank Santander has become Scuderia Ferrari’s partner once again, announced on Tuesday.

One of the most iconic partnerships in modern F1 history is back. It has been confirmed that Santander has rejoined Ferrari on a multi-year deal and will get a status of a “premium partner.” Santander has already sponsored Ferrari from 2010 to 2017.

The Ferrari chairman John Elkann commented on the announcement: “It’s an honor to team up again with a global financial institution like Santander, which is committed to responsible banking and has shown leadership in renewable energy finance and ESG (environmental, social, and governance) advisory services all around the world.

“We look forward to partnering with them to deliver our key objective of becoming carbon neutral by 2030. We believe Formula 1 with its innovations and technological developments will benefit our industry and ultimately society as a whole.”

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