Aston martin have announced a new partnership with Saudi oil giant firm Aramco as the Silverstone-outfit continues to build following the British car brand’s return to Formula 1 last year.
After bringing Cognizant on board ahead of the 2021 season and switching to a British racing green livery, the Saudi Arabian state-owned oil company has been brought in as a name partner, meaning that the team will now officially be known as the “Aston Martin Aramco Cognizant Formula One™ Team.”
Aston Martin and Aramco hope that their new relationship 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 partnership will focus on development and commercialisation of fuel-efficient engine technologies for road vehicles, and the development of more efficient hybrid engines in motorsport,” the team added in a statement.
The lucrative partnership will provide the British team with “exclusive branding and endorsement rights for Aramco fuels and lubricants.”
Lawrence Stroll, the Aston Martin chairman and owner who bought the team during its Force India days in 2018, is delighted with the new sponsorship deal.
“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 One world championships,” he said.
“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.”
Aston Martin CEO Martin Whitmarsh believes that Aramco’s advancements can play a role in Aston Martin’s future success in the pinnacle of motorsport.
“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, Aston Martin Aramco Cognizant Formula One™ Team.”
The car had pink highlights last season due to its partnership with BWT, but they have not been confirmed as one of the team’s sponsors for 2022. Aston Martin will reveal this year’s challenger on 10 February, and Sebastian Vettel and Lance Stroll will be aiming for better fortunes than their seventh-placed Constructors’ Championship finish in 2021.