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Brazilian govt claims McLaren-Petrobras deal terminated
Brazil’s government has claimed the deal between Petrobras and McLaren has been brought to a conclusion, though the Formula 1 team has yet to communicate an official split. It was announced in early 2018 that Petrobras and McLaren had signed a deal for the company to become the team’s fuel and lubricants supplier from 2019. Petrobras is majority owned – 64 per cent – by the Brazilian government, which oversaw a change in office after the election of Jair Bolsonaro in October 2018. Bolsonaro, who took up the role of the country's President in January, took to social media in May to outline that he was seeking a way for Petrobras to extricate itself from the...
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6y ago from MotorsportWeek.com
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