ING ends Renault deal immediately
Renault title sponsor ING has terminated its deal with the French car manufacturer with immediate effect on the back of the team being found guilty of fixing last year's Singapore Grand Prix
Just days after Renault was handed a two-year suspended ban for its involvement in causing a crash in Singapore 12 months ago to help Fernando Alonso win, ING dropped a bombshell in the early hours of Friday morning when it announced it was ending its involvement in the team immediately.
A statement issued by ING confirmed that it had chosen to pull its sponsorship deal because of the events of the last week.
"ING announced today that in light of the verdict of the World Motor Sport Council of 21 September 2009 concerning the events that occurred at the 2008 Singapore Grand Prix, ING will terminate the contract with Renault Formula 1 with immediate effect," said the statement.
"ING is deeply disappointed at this turn of events, especially in the context of an otherwise successful sponsorship. As announced on 16 February of this year, ING decided not to renew the three year sponsorship (2007-2009) contract with Renault F1 and to end its presence in Formula 1 after the 2009 season."
A spokesperson for the Dutch banking giants confirmed to AUTOSPORT that the decision will result in the ING logos being removed from the cars and other team areas.
However she stated that ING's commitment to trackside advertising would remain until the end of the year.
ING's decision comes hours after Spanish insurance company Mutua Madrilena announced that it was also ending its Renault sponsorship deal as it felt the team's involving in the race fixing scandal amounted to a breach of contract.
Hamilton fears he may not make F1 Spanish GP Q3
Hamilton fears he may not make F1 Spanish GP Q3 Hamilton fears he may not make F1 Spanish GP Q3
Alonso would have led F1 Monaco GP without extra pitstop, says Aston
Alonso would have led F1 Monaco GP without extra pitstop, says Aston Alonso would have led F1 Monaco GP without extra pitstop, says Aston
The war reality that shines a light on the job Red Bull is doing
The war reality that shines a light on the job Red Bull is doing The war reality that shines a light on the job Red Bull is doing
The hidden hero behind Alonso’s Enstone F1 glory years
The hidden hero behind Alonso’s Enstone F1 glory years The hidden hero behind Alonso’s Enstone F1 glory years
Renault: Engine freeze allows 2023 ideas to be fast-tracked
Renault: Engine freeze allows 2023 ideas to be fast-tracked Renault: Engine freeze allows 2023 ideas to be fast-tracked
Why Renault's survivor wasn't part of Alpine's plans
Why Renault's survivor wasn't part of Alpine's plans Why Renault's survivor wasn't part of Alpine's plans
IndyCar Detroit: O’Ward fastest in first practice on new street track
IndyCar Detroit: O’Ward fastest in first practice on new street track IndyCar Detroit: O’Ward fastest in first practice on new street track
Wrong weather information cost Ogier WRC Sardinia advantage
Wrong weather information cost Ogier WRC Sardinia advantage Wrong weather information cost Ogier WRC Sardinia advantage
What we learned from Friday practice at F1's 2023 Spanish GP
What we learned from Friday practice at F1's 2023 Spanish GP What we learned from Friday practice at F1's 2023 Spanish GP
Lappi's 'risky' set-up gamble paying off with WRC Sardinia lead
Lappi's 'risky' set-up gamble paying off with WRC Sardinia lead Lappi's 'risky' set-up gamble paying off with WRC Sardinia lead
The war reality that shines a light on the job Red Bull is doing
The war reality that shines a light on the job Red Bull is doing The war reality that shines a light on the job Red Bull is doing
How Mercedes' new F1 upgrades fared - and what's next for the revitalised W14
How Mercedes' new F1 upgrades fared - and what's next for the revitalised W14 How Mercedes' new F1 upgrades fared - and what's next for the revitalised W14
Why the highlight of F1 2023 so far should end Monaco's calendar slot debate
Why the highlight of F1 2023 so far should end Monaco's calendar slot debate Why the highlight of F1 2023 so far should end Monaco's calendar slot debate
Monaco Grand Prix Driver Ratings 2023
Monaco Grand Prix Driver Ratings 2023 Monaco Grand Prix Driver Ratings 2023
Why Alonso and Aston made the call that guaranteed Verstappen's Monaco victory
Why Alonso and Aston made the call that guaranteed Verstappen's Monaco victory Why Alonso and Aston made the call that guaranteed Verstappen's Monaco victory
The factors for and against a Red Bull upset in F1’s Monaco GP
The factors for and against a Red Bull upset in F1’s Monaco GP The factors for and against a Red Bull upset in F1’s Monaco GP
What Aston Martin's Honda deal reveals about its true F1 mindset
What Aston Martin's Honda deal reveals about its true F1 mindset What Aston Martin's Honda deal reveals about its true F1 mindset
Would Hamilton really be a worthwhile F1 investment for Ferrari?
Would Hamilton really be a worthwhile F1 investment for Ferrari? Would Hamilton really be a worthwhile F1 investment for Ferrari?
Subscribe and access Autosport.com with your ad-blocker.
From Formula 1 to MotoGP we report straight from the paddock because we love our sport, just like you. In order to keep delivering our expert journalism, our website uses advertising. Still, we want to give you the opportunity to enjoy an ad-free and tracker-free website and to continue using your adblocker.