Formula 1 signs up Liqui Moly to 3-year sponsorship deal

Formula 1 has added oil and lubricant company Liqui Moly as an official sponsor of Grand Prix racing based on a three-year partnership with the sport.

The German company, a long-time sponsor in the world of motorsport that was previously a regional partner of F1, will begin its new association with F1 at the second Austrian Grand Prix set to be held on July 12 at the Red Bull Ring.

"The new agreement demonstrates the natural partnership that exists between the world’s most popular motorsport series and the globally renowned vehicle care product experts," F1 said in a statement.

"The partnership will allow Liqui Moly to continue to increase their brand recognition with F1 audiences across the world and will include track signage at 11 Grands Prix and the ability to promote the partnership on a global basis."

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Ben Pincus, Director of Commercial Partnerships of Formula 1, said:

"We are delighted to continue our relationship with Liqui Moly and to welcome them as an Official Sponsor of Formula 1.

"The fact that the partnership has grown beyond a successful first year, proves the value in terms of brand awareness and preference. We look forward to continuing to explore ways to further integrate Liqui Moly into the F1 ecosystem."

The deal is the first sponsorship agreement announced by F1 since the 2020 season was put on ice back in March due to the coronavirus pandemic.

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Phillip van Osten

Motor racing was a backdrop from the outset in Phillip van Osten's life. Born in Southern California, Phillip grew up with the sights and sounds of fast cars thanks to his father, Dick van Osten, an editor and writer for Auto Speed and Sport and Motor Trend. Phillip's passion for racing grew even more when his family moved to Europe and he became acquainted with the extraordinary world of Grand Prix racing. He was an early contributor to the monthly French F1i Magazine, often providing a historic or business perspective on Formula 1's affairs. In 2012, he co-authored along with fellow journalist Pierre Van Vliet the English-language adaptation of a limited edition book devoted to the great Belgian driver Jacky Ickx. He also authored "The American Legacy in Formula 1", a book which recounts the trials and tribulations of American drivers in Grand Prix racing. Phillip is also a commentator for Belgian broadcaster Be.TV for the US Indycar series.