Home NEWS by SERIES F1 F1 : Lotus gearing up to announce Honeywell Formula 1 team title sponsor deal
F1 : Lotus gearing up to announce Honeywell Formula 1 team title sponsor deal E-mail
Monday, 10 December 2012 15:38
Lotus to announce title sponsorship deal - The Lotus Formula One team is reportedly close to announcing a multi-million dollar title sponsorship deal with Honeywell, the American technology giant.

"It is thought the framework of the agreement is in place and a formal announcement pending," said Sportspro journalist David Cushnan on Monday.

The news follows Lotus' recent signing of a sponsor deal with Burn, the European energy drink label of the American beverage giant Coca-Cola.

After a five year absence, the United States returned to the Formula 1 calendar this year with a highly successful race on a bespoke circuit in Austin, Texas.

Citing 'informed insiders', Cushnan said the Honeywell deal could be worth $30 million per year to Lotus.

The Enstone based team's driver Kimi Raikkonen finished the 2012 World Championship in third place behind Sebastian Vettel and Fernando Alonso.

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