SOURCE: Williams Grand Prix Holdings

July 04, 2011 12:18 ET

Williams Grand Prix - Partnership Announcement

GROVE, UK--(Marketwire - Jul 4, 2011) -


WGF1


   WILLIAMS SIGNS SECOND CAR MANUFACTURER PARTNERSHIP IN TWO MONTHS

4 July 2011. Grove, UK. Williams F1, the Formula One team of Williams
Grand Prix Holdings PLC, today announced a partnership in Formula One
with Renault. This announcement closely follows the announcement in May
by Jaguar and Williams of a partnership to build the C-X75 supercar
together.

Under today's announcement, Renault Sport F1, the F1 division of
Renault, will supply AT&T Williams with its championship-winning V8
power units for the 2012 and 2013 seasons. In addition to the supply of
its Formula One engines, the newly-formed alliance includes several
other exciting business and marketing opportunities, with a view to
continue the partnership as the new, energy-efficient, hybrid and
turbocharged V6 engines arrive in the sport in 2014.

The partnership is an exciting opportunity for both Renault Sport F1
and AT&T Williams. The original Anglo-French alliance enjoyed a hugely
successful association between 1989 and 1997, yielding four Drivers'
and five Constructors' titles and 63 race wins. It also produced some
of the most evocative images of the 1990s, including Nigel Mansell's
British Grand Prix win in 1992; Alain Prost's fourth world title and
the classic duels between Damon Hill, Jacques Villeneuve and Michael
Schumacher.

Adam Parr, Chairman, said: "When we launched our Initial Public
Offering to investors in February, we set out a strategy based on
establishing partnerships with car manufacturers both inside and
outside Formula One. In May we announced a ground-breaking partnership
with Jaguar which will see us design and build together the world's
first supercar with super-low emissions. Today, we have launched a
partnership with Renault which will not only see Williams powered by
their World Championship-winning V8s but working together to develop a
range of commercial and technical opportunities. As a racing team we
are delighted with the technical and sporting benefits this partnership
offers; as a company, this puts in place the foundations we need to
grow and develop the business over the coming years."

The Williams F1 press release can be found at  www.attwilliams.com 
There will be a conference call for German-language financial media at
1800 CET today Monday 4 July 2011, hosted by Toto Wolff, non-executive
director. For details please contact  lyndsey.fairburn@williamsf1.com 
Video content for broadcast use will be available for download at
 www.attwilliamsdigital.com  from 2000 BST tonight.
Images from today's launch can be found at  www.williams.latphoto.co.uk 

                                ENDS


Media contact
Tristan Peniston-Bird, Pelham Bell Pottinger
T: +44 20 7861 3928
E:  tpeniston-bird@pelhambellpottinger.co.uk 

Claire Williams, Williams Grand Prix Holdings PLC
T: +44 1235 777 806
E:  claire.williams@williamsf1.com 















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