Alfa Romeo, the Italian sportscar unit of Fiat Chrysler Automobiles, will return to Formula One racing after a more than 30-year break as Chief Executive Officer Sergio Marchionne looks to revamp the brand.
Alfa Romeo signed a multi-year partnership with the Sauber F1 team “covering strategic, commercial and technological cooperation,” the companies said in a statement. The Alfa Romeo Sauber F1 Team will be equipped with engines from Ferrari, spun off from Fiat Chrysler in 2016. Marchionne, 65, is both Ferrari and Fiat Chrysler CEO.
While the carmaker’s engineers and technicians will have a chance to collaborate with the F1 team, “fans will once again have the opportunity to support an automaker that is determined to begin writing an exciting new chapter in its unique, legendary sporting history,” Marchionne said in a statement.
Alfa Romeo participated in Formula 1 from 1950 to 1988, both as a constructor and engine supplier.
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