JANUARY 16, 2007
FedEx moves to McLaren
Williams F1 sponsor Federal Express has moved on to join McLaren. The US firm has been in F1 since 1997 but has spent the last two years with Williams. Prior to that the company sponsored Ferrari and Benetton (now Renault), making a habit of switching from one team to the next depending on which FedEx believes will be the best bet.
It is rumoured that Williams has landed a major sponsorship with the Chinese computer maker Lenovo, the third largest computer maker in the world sinvce it acquired IBM's PC division. Originally based in Beijing, the company moved to Hong Kong in 1988. It is now headquartered in Raleigh, North Carolina.
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