Mercedes F1 partner Petronas says it will continue its collaboration with the German outfit based on its multi-year deal with the latter, dismissing rumors of an impending exit from F1.
The Malaysian oil and gas company has partnered with the Mercedes works outfit since its return to F1 in 2010, a collaboration that has yielded tremendous success.
However, Petronas' departure from MotoGP that was announced last summer led to speculation that the company could also exit F1.
Over the weekend, a story emerged claiming that Mercedes was set to drop Petronas in favour of a title sponsorship deal with Saudi Aramco.
The report argued that Mercedes F1 part-owner INEOS' involvement in Saudi Arabia had paved the way for a partnership between Aramco and Mercedes.
But in a statement published on Monday, Petronas has moved to dispel the hearsay.
"Petronas and Mercedes have been partners since 2010 in a collaborative long-term relationship that is mutually beneficial to both parties," the company said.
"Last year, we extended our partnership for another multi-year cycle and we are proud to continue to be working together to deliver cutting-edge performance."
Formula 1 will race in Saudi Arabia for the first time later this year, with Jeddah hosting a round of the F1 world championship on December 5.
Gallery: The beautiful wives and girlfriends of F1 drivers
Keep up to date with all the F1 news via Facebook and Twitter
Momentum is building inside the Haas F1 Team, and much of it is surging from…
Legendary karting coach and talent scout Dino Chiesa has drawn striking parallels between Lewis Hamilton…
F1 world championship leader Kimi Antonelli made good use of his easter weekend to make…
Fresh uncertainty appears to be brewing inside Red Bull Racing, with reports suggesting one of…
Three races into Ferrari’s 2026 campaign, Lewis Hamilton looks rejuvenated – his voice steadier, his…
Red Bull team principal Laurent Mekies has made it clear: Formula 1 must rediscover the…