• New Sponsor for Ferrari


Ferrari closed an agreement with Mubadala Development Company, an investment company, to be the sponsor of the F1 Team for the next three years; the company will place the logo on the helmets and on the cars.

The Mubadala Development Company already bought 5% of the shares of Ferrari on July of 2005, and now the agreement has became official for this 3 year contract, that started the past 1st January.

Ferrari is pleased with this agreement, Jean Todt, said: "we are very pleased of reaching an agreement of sponsorship with a company as dynamic as Mubadala, with whom we share values as important as innovation, research and passion for our work"

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