A Haas spokesman said the cars would retain the black and gold livery for the rest of the season but without the energy drink company's branding."Haas F1 Team and Rich Energy have amicably agreed to end their partnership together in the FIA Formula One world championship with immediate effect," the team said in a statement.
It said Rich Energy needed a revised global strategy due to a 'corporate restructuring process' and a termination of the agreement was best for both parties. The title sponsorship had been in doubt for some time, with Rich Energy posting on Twitter in July that they had terminated the contract. Shareholders later said in a statement issued by the team that those comments were unauthorised and the 'rogue actions' of one individual.Haas, the only U.S.-owned entry in Formula One, are ninth of 10 teams after Sunday's Italian Grand Prix with Danish driver Kevin Magnussen and Frenchman Romain Grosjean.
In May, Rich Energy lost a court case brought against it in Britain by Whyte Bikes for copyright infringement of it's stags head logo, which was removed from the F1 cars.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Did you know that the man behind Singapore’s award-winning films is Spanish?'I consider myself a Singaporean filmmaker', says Fran Borgia, who produced Apprentice and line produced Crazy Rich Asians and Westworld.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Saudi Arabia names Prince Abdulaziz as new energy ministerDUBAI (REUTERS) - Saudi Arabia has named Prince Abdulaziz bin Salman, a son of the king, as energy minister, replacing Khalid al-Falih, state news agency SPA reported on Sunday (Sept 8), citing a royal decree.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Data centres proliferate in China, becoming major energy user and source of emissionsSINGAPORE - China's data centre industry is one of the bright spots in Beijing's push for the mainland to become a high-tech nation. But the sector has also become a major source of energy use and carbon emissions, a new study has found.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
China will not tolerate attempts to separate Hong Kong from China: State mediaSHANGHAI — Hong Kong is an inseparable part of China and any form of secessionism
Source: TODAYonline - 🏆 1. / 99 Read more »
Nadal wins 19th Grand Slam title in five-set US Open thrillerNEW YORK: Rafael Nadal captured his 19th career Grand Slam title in thrilling fashion on Sunday (Sep 8) by winning the US Open final, outlasting ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Nurmagomedov makes Poirier tap to unify UFC lightweight titleKhabib Nurmagomedov unified the Ultimate Fighting Championship lightweight title with a third-round submission win over interim champion Dustin ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »