Ferrari and Shell Extend Long-Standing Partnership for Five Years
September 7, 2015
Formula One team Ferrari have agreed an extension to the oldest sponsorship in the sport with Shell for a further five years.
The Dutch oil and gas company will continue as the team’s Innovation Partner in a deal that will see the two parties working together on a number of projects.
They will be continuing a partnership that dates back to the 1930s.
Scuderia Ferrari Team Principal Maurizio Arrivabene said: “The signing of this contract is another step forward on the path to stability, and we are delighted to work with Shell on an extended basis.
“Historically the engine is at the very core of Ferrari, which means that everything we do with Shell is working around our heritage as an engine constructor.”
Shell’s partnership with Ferrari will also stretch beyond Formula 1, with Shell set to provide fuel and lubricants to Ferrari GT teams entering the FIA World Endurance Championship and the Le Mans 24 Hours.
Istvan Kapitany, Executive Vice President, Shell Retail agreed, saying: “Shell has helped drive Scuderia Ferrari to more success than any other team in the sport’s history, and for that we are very proud.
“With the help of some of the greatest scientific and business minds in the industry, we hope to achieve great things with Scuderia Ferrari as a result of this rejuvenated partnership.”