Malaysian oil and gas corporation Petronas has concluded its three year partnership with the Yamaha Factory Racing MotoGP team, despite a successful period together. The Japanese won the riders' and manufacturers' titles on two occasions (2009 & 2010) during the partnership but the news represents another financial blow after they competed in the 2011 season without a title sponsor.
This situation looks set to continue into 2012 but Lin Jarvis, Managing Director of Yamaha Motor Racing responded to the news by thanking Petronas for their support.
“The relationship between Yamaha and PETRONAS has been a great success, we have enjoyed some major achievements together in the MotoGP class. Now that the partnership has reached its natural conclusion I would like to thank our friends at PETRONAS for the support during their time with us and wish them well for the future”.
Mohammad Medan Abdullah, Senior General Manager of Petronas Group Corporate Affairs Division, feels the partnership brought great benefits for both parties and hopes to see Yamaha return to the top in years to come.
“We are happy to have had this opportunity to work with the Yamaha Factory Racing team over the past three years. In that time, we have enjoyed the benefits of strong brand exposure through the privilege of being associated with a team that shares our values and passion. The team has achieved many successes through a high level of competitiveness and stretched performance standards and we wish the team continued success in the future“.