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Aston Martin F1 team signs long-term collaboration with Aramco

Date: February 05, 2022 Sunil Jha Sunil Jha
Aston Martin F1 team signs long-term collaboration with Aramco 
The F1 team of Aston Martin has reportedly inked a long-term collaboration with Saudi Arabia-based Aramco. This move intends to help the F1 team’s ambition of winning championships.



The state-owned energy giant is already a major sponsor of Formula One whose branding is showcased on trackside signage. Aramco will collaborate with Aston Martin to aid the team meet Formula One’s aim for cars to be wholly powered by sustainable fuels by 2025 and design hybrid engines of high efficiency in motorsport.



As per the team statement, the collaboration will also include the commercialization and development of fuel-efficient engine technologies for non-track cars, novel lubricants as well as the installment of non-metallic materials in vehicles.



Owing to this partnership, the team will also see a change in its name. It will now be called as Aston Martin Aramco Cognizant Formula One Team.



Lawrence Stroll, the Canadian billionaire and the Chairman of Aston Martin, is pleased to welcome a major collaborator like Aramco which will aid the F1 team in achieving its goal of winning world championships.



Stroll took over the team, which was previously called Force India, out of administration in 2018 and rebranded it Aston Martin a year ago. Last season, the team signed four-time world champion Sebastian Vettel as a partner to Lance Stroll, Lawrence’s son, in their driver line-up.



Aston Martin is also constructing a new factory and has signed top names from other teams. A month ago, they hired Mike Krack who is the former head of BMW Motorsport whereas Martin Whitmarsh, the former McLaren team boss, was hired as the Group Chief Executive of the team last year.



In 2020, Aramco signed a global long-term agreement with Formula One while Saudi Arabia hosted its first Grand Prix on the streets of Jeddah in 2021.



The deal with Aston Martin further expedites Saudi’s profile on the global stage of motorsports with the Kingdom already hosting the Dakar Rally and the Formula E championship.



Source credit:



https://www.thehindu.com/sport/motorsport/aston-martin-f1-team-strikes-long-term-partnership-with-saudis-aramco/article38374879.ece

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Sunil Jha

Sunil Jha has been a part of the content industry for close to two years. Having previously worked as a voice over artist and sportswriter, he now focuses on writing articles for newsorigins.com, across a slew of topics, ranging from technology to trade and finance. With a business-oriented educational background, Sunil brings forth the expertise of deep-dive research and a strategic approach in his write ups.