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Shell extends Ferrari partnership for five more years

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Ferrari Formula One team principal Maurizio Arrivabene looks on during the first free practice session for the Italian F1 Grand Prix in Monza September 4, 2015.

Screen Shot 2015-07-31 at 19.22.09REUTERS/MAX ROSSI: Sports | Sun Sep 6, 2015 1:43pm BST:

MONZA, ITALY

Shell and Ferrari have extended the oldest partnership in Formula One for a further five years, both sides announced on Sunday.

The Anglo-Dutch oil company’s relationship with the Italian team dates back to before the world championship started in 1950, with Shell sponsoring Enzo Ferrari as a driver even in the late 1920s.

“Signing this contract is a further step forward in terms of stability and we are happy to have extended our collaboration with Shell,” said Ferrari principal Maurizio Arrivabene in a statement. read more

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