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Aston Martin change team name with unveiling of major new partner

Aston Martin change team name with unveiling of major new partner

F1 News

Aston Martin change team name with unveiling of major new partner

Aston Martin change team name with unveiling of major new partner

Aston Martin has changed its official F1 team name after entering into a long-term deal with energy and chemicals giant Aramco.

The team will now be known as the Aston Martin Aramco Cognizant Formula One Team, with the alliance complementing the company's status as a global strategic sponsor of F1.

Aston Martin claim the deal "will drive the development of highly efficient internal combustion engines, high-performance sustainable fuels, advanced lubricants and the deployment of non-metallic materials in vehicles".

The deal further includes the team sponsorship rights, a licensing agreement, as well as exclusive branding and endorsement rights for Aramco fuels and lubricants.

The joint R&D efforts will underpin the team's bid to meet F1’s target to be powered entirely by sustainable fuels by 2025, as well as the development and commercialisation of fuel-efficient engine technologies for road vehicles, and the development of more efficient hybrid engines in motorsport.

Aston Martin chairman Lawrence Stroll “We are in the sport to win so I am delighted to welcome an incredible partner of the stature of Aramco.

"I have learnt from this process [it] has a tremendous amount of intellectual property and technical capability, which I know will greatly assist our team to achieve our goals of winning Formula 1 world championships.

"Our historic partnership demonstrates the scale of our ambition to make our team a pioneering and winning force in Formula 1 and showcase the sustainability and performance of Aramco’s products.”

Group CEO Martin Whitmarsh added: “Winning in Formula 1 is all about assembling and managing the right ingredients in the optimal way.

"Aramco is an innovative company whose ultra-high-tech expertise will make a very real and hugely valuable contribution to improving the performance of, and delivering the future success of the team.”

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