Renault today announced that it has finalised a three year title partnership agreement with Dutch bank ING. The Anglo-French team will rebranded as ‘ING Renault F1 Team’ next season. The final race of the 2006 season will see the team’s current title sponsor, Mild Seven, departing Formula One after an unbroken thirteen-season title sponsorship of the Benetton and Renault F1 teams.

Alain Dassas, Team President

“We are delighted to welcome ING to Formula One as our title sponsor. This is an important agreement for the growth and development of the Renault F1 Team, providing long-term stability that reinforces our long-term commitment to the sport. We look forward to a fruitful, win-win relationship with this respected financial institution.”

Flavio Briatore, Managing Director

“We are proud to introduce ING to the world of Formula One, and the unique opportunities it offers for global growth. ING is a brand that fits perfectly with the Renault F1 Team’s image. Both companies are dynamic organisations seeking to enhance their global brand awareness through innovative forward-thinking and exceptional performance. We are excited at the prospect of working together in the years ahead.”

“We would like to take the opportunity to thank Mild Seven for their unstinting support during the past thirteen seasons. Their loyalty and dedication stand as examples for corporate involvement throughout Formula One. They entered the sport as winners, with world championship victory as Benetton’s title sponsor in 1994 and 1995. After last year’s dramatic double championship win with Renault, we are working flat out to ensure they can leave the sport in the same way: on a high, as the winners of consecutive world championships.”

[Renault]

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