Formula One news

New Dutch sponsor for Renault

The Renault Formula One team has signed a three-year deal with Dutch watchmaker TW Steel. The company will become the team's official timing partner. TW Steel is not a rookie in motorsport as the company was A1GP's official timing partner too.

The partnership will come into effect from this weekend's Abu Dhabi Grand Prix and will run until the end of the 2012 season. The R29 will carry TW Steel branding on the nose cone, the front wing flaps, as well as on the leading edge of the sidepods. Logos will also appear on timing monitors and on team uniforms and drivers' suits from 2010.

At the signing of the agreement, Renault F1 Team Managing Director, Jean-François Caubet, said: "We are delighted to join forces with TW Steel as the official timing partner of the Renault F1 Team. Over the next three years we look forward to building a close and dynamic relationship as we strive to reach the highest level of performance on the racetrack. The partnership brings great value for both the Renault F1 Team and TW Steel and confirms the team's positive outlook for the years ahead. I have no doubt that we will enjoy an exciting and successful future together."

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