Mercedes F1 Team Evaluating FTX Sponsorship, Branding Stays For Now
The Mercedes Formula One team said on Thursday they were keeping the branding of troubled cryptocurrency exchange FTX on their cars at this weekend's Sao Paulo Grand Prix in Brazil while watching developments.
FTX, one of the world's largest crypto exchanges, has been buffeted by a rush of customer withdrawals and is scrambling to raise about $9.4 billion from investors and rivals, a source said on Thursday.
Mercedes, then the reigning Formula One champions, signed a sponsorship deal with FTX in September, 2021.
A team spokesman said they were evaluating the situation and branding would be staying on the race cars of seven-times world champion Lewis Hamilton and fellow-Briton George Russell for the time being.
The weekend's race at Interlagos is the penultimate round of the season, which finishes in Abu Dhabi on Nov. 20.
(Reporting by Alan Baldwin in London, editing by Ed Osmond)
Related News
Latest Cars
Upcoming Cars
Trending News
Latest News
Janak Sorap | Dec 16, 2025Yamaha R3 and MT-03 Discontinued in India; Here’s WhyThe motorcycles had revied around a price revision of more than a lakh earlier this year, followed by additional discounts due to GST reform, and yet have failed to secure any momentum.1 min read
Jaiveer Mehra | Dec 15, 2025Mahindra XUV 7XO Interior Previewed Ahead Of Debut; Triple Screen Layout ConfirmedNew teaser video provides a glimpse at the facelift XUV 700’s cabin and confirms some of the features.1 min read
Jaiveer Mehra | Dec 15, 20252026 MG Hector Facelift Launched At Rs 11.99 LakhThe latest facelift of MG’s SUV brings tweaks to the styling and cabin, along with a few new features.3 mins read
car&bike Team | Dec 14, 2025Top-Spec Tata Sierra Accomplished, Accomplished+ Prices RevealedRegardless of the powertrain combination chosen, all Tata Sierra Accomplished+ trims cost upwards of Rs 20 lakh (ex-showroom).2 mins read
car&bike Team | Dec 13, 2025Skoda Slavia Facelift Spied Testing Again Ahead Of DebutThe facelifted Slavia is expected to debut in 2026 as Skoda-VW India looks to refresh its India 2.0 range.1 min read
car&bike Team | Dec 13, 20252026 MG Hector Facelift Interior Previewed Ahead Of DebutLatest teaser video of the upcoming Hector facelift suggests minimal cosmetic changes to the interior as well as reveals a new alloy-wheel design.1 min read
Janak Sorap | Dec 11, 2025Harley-Davidson X440 T First Ride Review: Smarter and SharperHarley-Davidson has taken the X440 and given it a more focused and engaging twist. The result is the X440 T—essentially the same platform but updated in areas that give the motorcycle more appeal and riders more thrill.5 mins read
Shams Raza Naqvi | Dec 10, 20252025 Mini Cooper Convertible Review: More Colour On Indian RoadsThe updated Mini Cooper Convertible is set to be launched in the Indian market in the next few days. We drive it around Jaisalmer for a quick review.1 min read
Bilal Firfiray | Dec 8, 2025Tata Sierra Review: India’s New Favourite?Marking its return after a few decades, the reborn Sierra has made everyone sit up and take notice. But is it worth the hype?10 mins read
Girish Karkera | Dec 4, 20252026 Honda Prelude First Drive: Domesticated Civic Type RA sporty-looking coupe built to give customers a taste of performance but not at the expense of everyday practicality.5 mins read
Seshan Vijayraghvan | Nov 29, 2025Mahindra XEV 9S First Drive Review: Big Electric SUV, Bigger ExpectationsThe XEV 9S lands at a time when the EV crowd is growing fast. It’s a big, born-electric, three-row SUV that starts under 20 lakh. It sits close to the XUV700 in size, but the brief is very different. Here’s what it’s like on the road.11 mins read