Mutua Madrileña

Mutua Madrileña office building in Madrid

Mutua Madrileña is a large non-profit Spanish insurance company founded in 1930 that provides life, automobile, health and accident insurance as well as pension and investment funds.

Products

Formula One sponsorship

From the 2006 Spanish Grand Prix, the company sponsored the Renault F1 team.[1] The Mutua Madrileña branding appeared on the race cars, drivers' suits and team clothing. This coincided with the company's new corporate image.

After the 2007 Formula One season, the company declared the move of the sponsorship from Renault F1 to McLaren-Mercedes with Fernando Alonso.

After the 2008 Formula One season, the company declared the move of the sponsorship[2] from McLaren-Mercedes back to Renault F1 with the return of Fernando Alonso to Renault.

During the 2009 Formula One season, Mutua Madrileña terminated its contract with Renault after the Renault Formula One crash controversy, in which Renault was found guilty of getting Nelson Piquet, Jr. to intentionally crash during the 2008 Singapore Grand Prix, to help Alonso to win the race. The company will continue to sponsor Alonso.[3]

See also

References

  1. ↑ "Renault gets a Spanish sponsor" April 20, 2005
  2. ↑ "Mutua Madrilena returns to Renault" February 21, 2008
  3. ↑ "Mutua Madrilena terminates Renault deal". Autosport. 2009-09-24. Retrieved 2009-09-24.

External links


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