Mercedes GP Petronas Formula One Team

Mercedes GP will now be called Mercedes GP Petronas Formula One Team.

The former Brawn GP team has come into agreement with the Malaysian Petronas oil group.

Ross Brawn was quoted, “Everyone at Mercedes GP is delighted to confirm our long-term agreement with PETRONAS and we look forward to working closely with our new partner in the future. The collaboration of the premium automotive brand Mercedes-Benz and a company as prestigious as PETRONAS gives our team a fantastic base from which to achieve our ambitions of competing at the top level of Formula One and building on the success of 2009 which saw the team achieve the Constructors’ and Drivers’ Championships. Our plans for the new season are progressing well, as is the development of our 2010 challenger, and we look forward to seeing the car run in the new Silver Arrows and PETRONAS livery at the Valencia test in February.”

With the new sponsorship, apart from the name change, the logo of the Malaysian team will appear both on the team’s F1 car and on the driver suits.

No details however was reveal on the length and value of the sponsorship.

On the team front, Michael Schumacher is reported to make a return with Mercedes GP Petronas, while its 2010 car is set to officially debut on 1st February.

Petronas is also the sponsor of the Malaysia Grand Prix, and was the former partner of BMW-Sauber.