Mercedes to part ways with Petronas, new deal with Saudi sponsor to be signed

Mercedes is set to part ways with Petronas, and a new deal with a Saudi Arabian sponsor is set to be signed soon, as revealed by Racingnews365.com.

The German team is set for a major sponsorship and livery change in the upcoming season. They will drop their association with longtime partner, supplier and sponsor Petronas. It is the end of an era for Mercedes.

The Mercedes AMG-Petronas connection has been on for more than a decade. In that time, Mercedes have taken F1 by storm with their success, winning seven Constructors’ Championships in a row, and adding seven Drivers’ titles to boot.

The association began in 2010 when Mercedes returned to F1 as a works team. Since then, they have gone from strength to strength together, and have been one of F1’s best pairings in recent memory.

Now, Mercedes is set to part ways with Petronas. They will sign a new deal with a Saudi Arabian sponsor for the near future.

We won’t be seeing the Petronas logo on the Mercedes cars in the future. Source: racingnews365.com

New partner

INEOS, which is a part-owner of Mercedes along with Sir Jim Ratcliffe, Daimler and Toto Wolff, signed a deal with Saudi Aramco and Total Company from France. They have commissioned the construction of three plants in Saudi Arabia.

A new plant by INEOS is currently being built. It will be launched in 2025 along with two others. All of them will be built for the purpose of processing different material and fuels.

INEOS have invested a significant amount of money in Saudi Arabia since 2019. Due to their investments, there have been a large number of jobs created in the kingdom. The country has also gained access to fresh raw materials and energy sources.

Meanwhile, Petronas will be ending their MotoGP sponsorship as well at the end of 2021. They will depart the Yamaha SRT team when the year comes to an end.

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