The first Russian driver in Formula One, Vitaly Petrov who started racing for Renault F1 Team in 2010 is going to be sponsored by LADA, the brand of Russia’s largest car producer AvtoVAZ.
Renault President Carlos Ghosn and AvtoVAZ Board Chairman Sergey Chemezov confirmed in Moscow today that the LADA logo will be displayed together with the Renault logo on the Renault F1 cars in the 2010 season. In 2008, Renault purchased a 25% stake in AvtoVAZ.
In his early career, Vitaly Petrov won the Russian LADA Cup in 2002. He also won the LADA Revolution Championship with ten wins in 2005. The Russian team LADA Sport competed in the FIA Word Touring Car Championship (WTCC) in the 2009 season.
Renault F1 President Gerard Lopez is Managing Partner at leading European VC firm, Mangrove Capital Partners that has invested in several internet ventures in Russia, including in Quintura.
Quintura powers site search on AvtoVAZ corporate website Lada.ru.