Williams has announced a major sponsorship deal with Venezuelan state petroleum company PDVSA.
The agreement was announced at a demonstration run in Caracas attended by president Hugo Chavez.
The team’s car and drivers’ overalls will feature the logos of PDVSA, which is already a personal sponsor of new driver Pastor Maladonado.
Team principal Frank Williams said:
We are very grateful to PDVSA for having joined our team. They are a substantial partner and can make a meaningful difference to our fighting ability. We are honoured that our new partnership was announced in Venezuela today while showing Pastor’s fans the power of a Formula One car.
We are especially honoured that President Chavez himself witnessed the demonstration. On behalf of the team, we very much look forward to working with PDVSA and Venezuela and giving them some good results on track.
Image courtesy of Williams via Twitter