Aston Martin F1 team signs new deal with Saudi's Aramco

Silverstone - Aston Martin has signed a long term partnership with Saudi Arabian state-owned energy giant Aramco, the Formula One team said on Thursday, in a move it hopes will aid its ambition of winning races and championships.

Aramco, already a major Formula One sponsor whose branding appears on trackside signage, will work with Aston Martin to help the team meet Formula One’s target for cars to be powered wholly by sustainable fuels by 2025 and develop more efficient hybrid engines in motorsport.

The partnership will also involve the development and commercialisation of fuel-efficient engine technologies for road cars, advanced lubricants and the deployment of non-metallic materials in vehicles, the team said in a statement.

The team will be renamed Aston Martin Aramco Cognizant Formula One Team.

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