Research shows world's biggest companies involved in F1

Jul.16 (GMM) Almost half of the world's biggest 25 companies have been involved in Formula One in the past five years.

And the new research by F1's industry monitor Formula Money said a third of the world's 100 top companies have in the same period been involved in F1 as sponsors, owners or investors.

They include three of the world's five biggest companies -- Ferrari sponsor Shell, Exxon Mobil (McLaren) and former Chinese Grand Prix backer Sinopec.

Journalist Christian Sylt said oil companies and carmakers are "naturally drawn to F1 due to the obvious affinity between the sport and their businesses".

The banking industry is also attracted to F1 "by the networking opportunities offered by the sport", Sylt added.

The other top-25 companies involved in F1 recently are Toyota (8th), Red Bull and Lotus sponsor Total (11th), Toro Rosso supplier Volkswagen (13th), Caterham backer General Electric (16th), former Renault sponsor ING (17th), Samsung (22nd), ENI (23rd) and Mercedes owner Daimler (24th).

"The involvement of so many major companies is one of the factors that distinguishes F1 from other sports," continued Sylt.

American companies, like former Williams title sponsor AT-T, are also playing a big role, making up 17 per cent of the teams' sponsors -- the highest of any nationality.

Write a comment
Show comments
About this article
Series F1
Teams Ferrari , Mercedes , McLaren , Toro Rosso , Williams
Article type Analysis
Tags ferrari, g1, mclaren, mercedes, red bull, renault, samgsung, saterham, toro rosso, total, toyota

User photos

Motorheart
F1

Motorheart

1 photos
momomoy52
F1

momomoy52

18 photos
sleboz
F1

sleboz

4 photos
EuroRacer
F1

EuroRacer

45 photos
Josefine Lißner
F1

Josefine Lißner

1 photos
hanmerdesign
F1

hanmerdesign

9 photos
Evan_DeCiren
F1

Evan_DeCiren

30 photos
colfox72
F1

colfox72

1 photos
Upload photo