Mercedes and Petronas have both denied that Aramco will be their new title sponsor.
The Mercedes-Petronas partnership has been in place since the Malaysian oil firm’s return to Formula One in 2010.
Petronas and Mercedes extended their relationship until 2025 in 2019, ensuring that Petronas will continue to be the German team’s title sponsor and technical partner.
When rumors emerged that this deal might be dramatically cut short, it came as a shock, but both parties have denied the claims.
Aramco, the Saudi Arabian oil company, was rumored to be in position to become Mercedes’ title sponsor starting in 2022, however this will not happen.
A joint-statement read: “Petronas and Mercedes have been partners since 2010 in a collaborative long-term relationship that is mutually beneficial to both parties.
“Last year, we extended our partnership for another multi-year cycle and we are proud to continue to be working together to deliver cutting-edge performance.”
Working alongside Petronas, Mercedes have enjoyed immense success since the turbo-hyrbid era began back in 2014.
Mercedes has won all seven Drivers’ and Constructors’ Championships throughout that time, with Lewis Hamilton winning six of the Drivers’ titles and Nico Rosberg winning the other in 2016.
With six rounds remaining in the 2021 Constructors’ Championship, the German team is hoping to make it eight title doubles in a row. They now lead Red Bull by 36 points.
And meanwhile, Hamilton trails Max Verstappen by six points in the Drivers’ standings.
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