Formula One news

Renault set to announce new main sponsor

Renault is on the brink of announcing a new main sponsor for next season, F1Racing.net can exclusively reveal. A five-year deal with Dutch bank ING is all but agreed and will apparently be worth as much as 50 million Euros a year.

ING has been sniffing around F1 for a while and understood to have narrowed down its choice to three teams in recent months and now it seems certain that a deal with Renault will be announced within the week.

ING will also back up its on-car sponsorship with track-side advertising. 

With the ban on tobacco advertising Renault's long-term deal with Mild Seven has come to an end and the future of Spanish telecoms brand Telefonica is uncertain, with Fernando Alonso's impending move to McLaren.

more news

• 07 Jan.
  • Ecclestone reveals September deadline for Donington
  • Ferrari willing to supply 'Honda' with engines
  • Brawn says Honda won't test before season
• 06 Jan.
  • Ferrari to use electronic pitstop system in 2009
  • Kubica to start karting team
  • Webber's recovery going well
  • Ferrari to reveal new car next week
  • Stewart hits out at Ecclestone and Mosley
• 05 Jan.
  • Red Bull's RB5 to debut in February
  • Suspended sentence and fine for Verstappen
  • Berger confirms Buemi for STR
• 04 Jan.
  • Kubica expecting more accidents
• 03 Jan.
  • Encouraging news for Donington
• 02 Jan.
  • Di Resta still hopeful of F1 drive
  • "Title loss would have damaged Hamilton's reputation"
• 01 Jan.
  • Hakkinen supports medals system
• 31 Dec. '08
  • Kubica: Next year is a big challenge
  • Hakkinen: Vettel will soon be a Formula 1 champion
  • Hamilton receives MBE award
  • Heidfeld expects more accidents in 2009
• 30 Dec. '08
  • Hamilton to join Madame Tussauds
  • Ecclestone: Button should take a sabbatical
  • Manager: Alonso would love to join Ferrari one day
  • Changes at Toro Rosso
• 29 Dec. '08
  • Hamilton to miss victory parade in Woking
  • Alonso to join Ferrari in 2011?
  • Mexican billionaire denies Honda bid
• 28 Dec. '08
  • Mexican buyer for Honda?
• 27 Dec. '08
  • F1 drivers positive on Algarve circuit
• 26 Dec. '08
  • Montezemolo says KERS introduction is a mistake
• 25 Dec. '08
  • Season's greetings from GPUpdate.net
• 24 Dec. '08
  • Massa against proposed pay cut
  • Ferrari undecided over Schumacher future
  • Karthikeyan not interested in joining Force India
  • Mosley: Finding a successor won't be easy
  • Ecclestone won't split teams - Howett
  • Mosley may still try to continue
• 23 Dec. '08
  • WSR team Draco teams up with Force India
  • Howett: Ecclestone not able to split FOTA
  • Toyota committed to Formula 1

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