Ferrari Formula 1 team extends Philip Morris deal
September 4, 2017
The Ferrari Formula 1 team has announced a new long-term deal with tobacco sponsor Philip Morris.
The two organisations’ association dates back more than 40 years and Philip Morris’s brand Marlboro has been Ferrari’s title sponsor since 1997.
The logo last appeared on the car in 2007 due to a ban on tobacco advertising but Ferrari has maintained a red and white colour scheme in recent years.
“Ferrari N.V. announces that Scuderia Ferrari has renewed its multi-year partnership with Philip Morris International,” a team statement read.
“The agreement continues the collaboration of over 40 years between Philip Morris International and Scuderia Ferrari.”
Philip Morris’s previous contract was due to expire at the end of 2017.