Renault F1 gets sponsorship from AvtoVAZ

Written by Associated Press

VIRY-CHATILLON, France (AP) Formula One team Renault says it has struck a sponsorship deal with Russian carmaker AvtoVAZ.

The deal signed Monday and announced Thursday comes after Renault hired Vitaly Petrov as a driver the first Russian to drive in F1.

The Lada name, which is the chief brand of AvtoVAZ, will appear on the chassis of the Renault car and on Petrov's overalls and teamwear.

Renault is now 75 percent owned by investment company Genii Capital, although the French carmaker retains a minority stake and will supply engines to the team.

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