British-based racing team Red Bull and luxury carmaker Infiniti will end their Formula One partnership at the end of December, the latter said in a statement.
The former world champions began their commercial partnership in 2011 before Renault-Nissan Alliance’s premium car brand became the title sponsor of the team in 2013.
The Hong Kong-based carmaker said the commercial partnership would be terminated “one year earlier than originally stipulated” without citing any reason. It will also suspend supply of light commercial vans to the Red Bull Racing team.
“Infiniti and Red Bull Racing enjoyed one of the most successful sponsorship projects in F1 and Infiniti’s histories. As the goals of this sponsorship project were successfully achieved, the two companies reached an amicable agreement to terminate the sponsorship,” Craig D’Silva, manager of PR and corporate communications for Infiniti in the Middle East and Africa, told AMEinfo.
Meanwhile, the racing team announced on Friday (December 4) that it would run Swiss luxury watch TAG Heuer-branded Renault engines for the 2016 F1 season.
Though Renault will continue to provide the power units, the team will, from now on, be known as Red Bull Racing-TAG Heuer RB12, as there will be no marketing activity for the Renault-Nissan Alliance.
When asked about the premium car brand’s future F1 plans, Craig said that “it is interesting for a premium automotive brand to be involved in motorsports, but no decision for Infiniti has been made for the moment.”