banner The latest auto news, reviews, prices, product and vehicle releases. Auto News 5

Stay connected Subscribe to our RSS feed

Do not miss the latest Auto News !

Dec
10th

F1: Lotus F1 Team to unveil title sponsorship deal for 2013

Stay connected Subscribe to our RSS feed
From GMM

Lotus F1 Team is reportedly close to announcing a multi-million dollar title sponsorship deal with Honeywell, the American technology giant.

"It is thought the framework of the agreement is in place and a formal announcement pending," said Sportspro journalist David Cushnan on Monday.

The news follows Lotus' recent signing of a sponsor deal with Burn, the European energy drink label of the American beverage giant Coca-Cola.

F1 Lotus Renault E20
Lotus-Renault E20. (Photo: WRi2)

After a five year absence, the United States returned to the F1 calendar this year with a highly successful race on a bespoke circuit in Austin, Texas.

Citing 'informed insiders', Cushnan said the Honeywell deal could be worth $30 million per year to Lotus.

Kimi Raikkonen of Lotus ranked third in this year's F1 World Championship and scored one victory.


Hosted by CifTech Hosting.