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
Latest News
car&bike Team | Feb 6, 2026Tata Sierra Bookings Cross 1 Lakh Mark; Production Ramped UpWith bookings now in six-digit territory, Tata Motors is moving ahead with a phased ramp-up in production, while working through supplier-related constraints.1 min read
car&bike Team | Feb 6, 2026Mahindra To Set Up Its Biggest Automobile Plant In Nagpur; Production To Begin In 2028The new facility will support next-generation platforms from the brand and will be capable of manufacturing multiple powertrains including ICE, EV & future technologies1 min read
Jaiveer Mehra | Feb 5, 2026Honda Dio 125 X-Edition, Shine 125 Limited Edition LaunchedBoth special editions get a variant-specific colour scheme and graphics.1 min read
Seshan Vijayraghvan | Feb 5, 2026Tata Punch EV Facelift To Be Launched On February 20The electric version of Tata’s SUV-esque hatchback will be launched on February 20, 2026, and, like the petrol-powered version, it will receive a range of visual and feature upgrades.2 mins read
Bilal Firfiray | Feb 5, 2026Hyundai i20 Line-Up Now Starts At Rs 5.99 LakhThree variants of the Hyundai i20 have received a price rejig – Era, Magna and Magna Executive.1 min read
Jaiveer Mehra | Feb 5, 2026New Mercedes-Benz V-Class India Launch On March 3The V-class is set to return to the Indian market in Extra Long Wheelbase guise and is likely to be a CBU import.2 mins read
Bilal Firfiray | Feb 4, 2026Volkswagen Tayron R-Line Review: Sensible Flagship For IndiaVolkswagen has introduced a made-in-India flagship SUV that offers space, comfort, performance, and German driving finesse in a practical three-row package. But is the Tayron R-Line good enough?6 mins read
Preetam Bora | Feb 2, 2026TVS NTorq 150 Road Test Review: Bigger, Better & More Efficient!We test the new TVS NTorq 150 out in the real world to get a sense of what it offers in terms of performance, dynamics and fuel economy.7 mins read
Bilal Firfiray | Jan 21, 2026Tata Punch Facelift Review: New Turbo Engine; Same Old SoulWith the update, the Tata Punch facelift retains its character of being a healthy runabout, which is perfect for Indian roads. But have these changes made it any better?7 mins read
Amaan Ahmed | Jan 17, 2026Bajaj Chetak C25 First Ride Review: Basic, Likeable E-Scooter For First-Time RidersThe Chetak C25, in quite a few ways, is poles apart from the larger and more powerful 30 and 35 Series models, but in its mannerisms, it is very much a Chetak.8 mins read
Bilal Firfiray | Jan 9, 2026Toyota Urban Cruiser Hyryder: 10,000 km Long-Term ReviewAfter spending over three months and 10,000 km with the Toyota Urban Cruiser Hyryder Hybrid, we were impressed by its real-world mileage, seamless hybrid, practical comfort, and Toyota reliability. Is it the best C-SUV then?5 mins read