Name change for Aston Martin after striking major F1 deal with Aramco

The Aston Martin Formula 1 team has announced a major “long-term” strategic partnership with Saudi-backed oil giant Aramco. 
Name change for Aston Martin after striking major F1 deal with Aramco

Aramco will become Aston Martin's joint title sponsor, resulting in a name change to Aston Martin Aramco Cognizant Formula One Team for the upcoming 2022 season. 

The partnership will “drive the development of efficient internal combustion engines, high-performance sustainable fuels, advanced lubricants and the deployment of non-metallic materials in vehicles.” 

Aston Martin, which is powered by Mercedes engines, says the joint R&D efforts will also align to meet F1’s target to be powered entirely by sustainable fuels by 2025. 

“We are in the sport to win so I am delighted to welcome an incredible partner of the stature of Aramco, who I have learnt from this process 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,” said Aston Martin team owner Lawrence Stroll. 

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

Mohammed Al Qahtani, senior vice president downstream at Aramco, added: “The partnership reflects Aramco’s efforts to reduce emissions in the global automotive and transport industries. Our ambition is to supply premium fuels and lubricants to the global automotive sector, and our tie-up with the Aston Martin team will help drive awareness of our high-quality products. 

“It is an alliance that harnesses our shared commitment to engineering excellence and innovation, and has the potential to deliver winning results both on and off the track.”

The deal expands Aramco's presence in F1 after entering into a long-term global partnership that began in 2020 and has resulted in the Dhahran-based firm having trackside branding at most grands prix on the calendar. 

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