Renault signs first sponsor since scandal
|By Jonathan Noble||Wednesday, October 28th 2009, 12:23 GMT|
Renault has signed its first sponsor since being involved in the race-fixing controversy, after announcing a tie-up with Dutch watchmaker TW Steel on Wednesday.
Although the fall-out from the Singapore Grand Prix crash affair resulted in title sponsor ING quitting the team with immediate effect, the matter has actually resulted in an increased commitment from parent company Renault to make a success of its Formula 1 plans.
And the team was able to announce a three-year deal with TW Steel, which will become its official timing partner, ahead of the final race of the season. The logos of the watch brand will appear on the nose cone, front wing flags and sidepods of the Renault cars from this weekend's race in Abu Dhabi.
Renault's managing director Jean-Francois Caubet said: "The partnership brings great value for both the Renault F1 Team and TW Steel and confirms the team's positive outlook for the years ahead."