Petronas ends Yamaha partnership
Added on Friday, December 30th, 2011 by Carole Nash Editor
Petronas ends Yamaha partnership
Oil giant Petronas has ended its partnership with the Yamaha MotoGP team ahead of the 2012 season.
The Malaysian gas and oil corporation had been a partner with Yamaha since 2009, supporting the manufacturer to two consecutive Triple Crown MotoGP victories, in 2009 and 2010, but has decided to end the partnership ahead of the new season.
It is the second major sponsor that Yamaha has lost in two years, having ended its agreement with Fiat last season.
Commenting on the conclusion of the three-year partnership, Lin Jarvis, Managing Director of Yamaha Motor Racing said “The relationship between Yamaha and Petronas has been a great success, we have enjoyed some major achievements together in the MotoGP class. Now that the partnership has reached its natural conclusion I would like to thank our friends at Petronasfor the support during their time with us and wish them well for the future”.
Mohammad Medan Abdullah, Senior General Manager of Petronas Group Corporate Affairs Division: “We are happy to have had this opportunity to work with the Yamaha Factory Racing team over the past three years. In that time, we have enjoyed the benefits of strong brand exposure through the privilege of being associated with a team that shares our values and passion. The team has achieved many successes through a high level of competitiveness and stretched performance standards and we wish the team continued success in the future”.
