Honda website
Honda website

MAY 29, 1995

Sauber wins Petronas battle

PETER SAUBER has won the battle to secure sponsorship from the Malaysian national oil company Petronas. At Monaco the Sauber-Fords carried Petronas backing on their rear wings in a deal which is believed to be worth $4 million over the next two seasons.

Petronas - the full name is Petroliam Nasional Berhard - was given ownership of all Malaysia's oil and gas resources in 1974 and has since expanded to become a major player on the international oil market with ventures all across Asia and in Syria, Yemen and the Seychelles. The company comprises of a total of 49 companies, half of which are wholly owned subsidiaries. It employs 13,000 people and has annual sales of $6 billion.

Sauber was fighting with Jordan, Arrows and Pacific to win the deal and we understand that the value of the sponsorship dropped by a third in the course of negotiations.