How much does Santander pay Ferrari?
Ferrari reunited with Santander courtesy of a three-year deal signed in December 2021 reportedly worth US$60 million annually. Santander switches from Ferrari to Williams. A primary goal of the deal is to increase Santander’s brand visibility in the US. The Williams Racing Formula 1 (F1) motor racing team has announced a new multi-year partnership with Spanish bank Santander that will begin in 2025.In Formula One circles, Santander is best known for its partnership with Ferrari, having been with the famous Italian team across two stints from 2010 to 2017 and 2022 to 2024. The brand was also associated with the McLaren team between 2007 and 2013.Santander has chosen to join up with Williams after opting not to renew its Ferrari deal which officially expires at the end of 2024. This sees the bank follow the same path taken by Spanish driver Carlos Sainz, who will drive for Williams next season alongside Alex Albon.The F1 tie-up comes just days after Ferrari, perhaps the most iconic team on the F1 grid, announced it was parting ways with the bank after a three-year relationship. Santander opted not to renew its sponsorship of the team when it expires on December 31.
When did Santander start sponsoring Ferrari?
On 10 September 2009, Ferrari announced that it would be sponsored by Santander from 2010 on a five-year contract. Santander announced today a new sponsorship with the Formula 1 team Williams Racing. The bank will become an official partner of the team starting from the 2025 season. This multi-year agreement will complement the overall F1 sponsorship, as Santander will also become the official retail banking partner of F1 in 2025.
Who is the new bank sponsor of Ferrari?
Ferrari’s multi-year partnership with UniCredit, the leading pan-European bank was first announced in September 2024. Santander Bank, N. A. American bank operating as a wholly owned subsidiary of the Spanish Santander Group. It is based in Boston and its principal market is the northeastern United States.Santander, world’s best retail bank, according to Euromoney. The bank receives the ‘Best Bank’ award in Latin America, as well as in Argentina, Brazil, Chile, and Portugal. Santander has also been recognized as the ‘Best Bank for SMEs’ in Latin America and Spain. Madrid, 18 July 2025.UniCredit is set to replace Spanish banking group Santander, which will end its partnership on 31st December.Santander UK plc (UK: /ˌsæntənˈdɛər, -tæn-/, US: /ˌsɑːntɑːnˈdɛər/) is a British bank, wholly owned by Banco Santander, a Spanish bank.
Does Fiat still own 50% of Ferrari?
Who Owns Ferrari Today? After restructuring to establish Ferrari N. V. Ferrari Group, FIAT Chrysler Automobiles (FCA) sold 10% of their shares and distributed their remaining 80% of shares among FCA shareholders. Ferrari was and continues to be owned by Piero Ferrari (son of Enzo). Ferrari eventually left the FIAT group, later known as the FCA, and relinquished control of Maserati back to FIAT. Maserati, in turn, partnered with Alfa Romeo instead, leading us to the current day where both brands are owned by Stellantis. So, do Maseratis have Ferrari engines? No, not currently.Who Owns the Maserati Car Company? Now that you know where Maserati is made, you may be wondering who owns the company. Maserati is owned by Stellantis, which was itself created in a merger between Fiat Chrysler Automobiles and Peugeot SA that took place in 2021.