Aston Martin Aramco F1 Team: New Era Begins with Extended Aramco Partnership and 2024 Rebranding
Aston Martin has officially extended its partnership with Aramco, ushering in a new era as the Aston Martin Aramco Formula One Team from 2024. This strategic move represents a significant step forward in the team’s journey, showcasing a commitment to technological advancement and enhanced performance.
Key Takeaways:
- Long-term Partnership Extension: The extended collaboration between Aramco and Aston Martin, which began in 2022, is set to intensify with this new long-term contract. This extension underscores the success and mutual commitment of both parties in their partnership.
- New Team Name in 2024: Aston Martin will rebrand to the Aston Martin Aramco Formula One Team starting January 1, 2024. This rebranding symbolizes a new chapter and a deeper bond with Aramco, reflecting a shared vision for the future.
- Advanced Technology Collaboration: The partnership’s focus on advanced fuels and lubricants, especially in light of the upcoming partnership with Honda for a new power unit in 2026, demonstrates a commitment to enhancing the team’s technological edge and on-track performance.
In a recent announcement, Aston Martin confirmed the extension of its contract with Aramco, leading to a rebranding of the team as the Aston Martin Aramco Formula One Team beginning 2024. This strategic alliance, initiated in 2022, has been pivotal in the team’s development, with both parties sharing a vision for advancement in technology and performance. While the duration of the contract extension is speculated to be five years, official confirmation from Aston Martin is pending.
Nabeel A. Al-Jama’, Aramco’s Executive Vice President Human Resources & Corporate Services, shared his enthusiasm about the partnership, stating, “We are delighted to become the exclusive title partner of the Aston Martin Aramco Formula One Team. Since partnering with the team in 2022, we have witnessed the team take significant strides forward and have enjoyed celebrating some very special moments, including eight podiums this season. The future for the Aston Martin Aramco Formula One Team is bright, and today’s news reaffirms our long-term commitment to Aston Martin where Aramco’s expertise and technology can contribute to advanced car performance, especially with our development of advanced fuels and lubricants.”
Lawrence Stroll, the Executive Chairman of the Aston Martin Aramco Formula One Team, also expressed his views on the partnership: “We are very proud to continue and strengthen our successful partnership with Aramco. We already enjoy an important strategic relationship and their support as our title partner for the next five years is a clear demonstration of our shared ambition. Since 2022, they have played a key role in Aston Martin’s Formula One journey and their contribution will only become more significant in the years ahead. We are working together on several key initiatives, including the development of advanced fuels for 2026, when we begin our Honda works power unit partnership. Aramco’s expertise and products will make a real contribution to our on-track performance and add significant value in many other areas of our organization, especially at our new AMR Technology Campus.”
This partnership marks a pivotal moment in the world of Formula One, with both Aston Martin and Aramco committed to pushing the boundaries of racing technology and performance. The collaboration is set to not only boost the team’s capabilities on the racetrack but also contribute significantly to the advancement of automotive technologies. As the team embarks on this new journey with its rebranded identity and enhanced technical partnership, the future looks promising for the Aston Martin Aramco Formula One Team.
