McLaren loses long-time sponsor

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GMM January 23rd, 2009 GMM

By GMM Author January 23rd, 2009

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December 31st, 1969 Jan.23 (GMM) McLaren has lost a long-time sponsor of its formula one team, in the form of window and solar company Schuco. For years, the Schuco logo appeared on the overalls and rear wing endplates of the Mercedes-powered cars. But the name is missing from this year's newly launched MP4-24, and the German language newspaper Neue Westfalische revealed that it is because Schuco did not renew its contract beyond 2008. McLaren and Schuco first teamed up in 1999. "The formula one (sponsorship) was very good for us," said Schuco spokesman Thomas Lauritzen, denying that the global financial crisis is the reason for the split.

Jan.23 (GMM) McLaren has lost a long-time sponsor of its formula one team, in the form of window and solar company Schuco.

For years, the Schuco logo appeared on the overalls and rear wing endplates of the Mercedes-powered cars.

But the name is missing from this year's newly launched MP4-24, and the German language newspaper Neue Westfalische revealed that it is because Schuco did not renew its contract beyond 2008.

McLaren and Schuco first teamed up in 1999.

"The formula one (sponsorship) was very good for us," said Schuco spokesman Thomas Lauritzen, denying that the global financial crisis is the reason for the split.

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Posted in: Formula One