Alfa Romeo has renewed its partnership with Swiss-based Formula One outfit Sauber for the 2023 season, confirmed the automaker's CEO, Jean-Philippe Imparato, ahead of the Hungarian GP.
Sauber owns and runs the team under the Alfa Romeo name. It is controlled by Islero Investments.
However, Sauber is linked with Volkswagen-owned Audi, with reports suggesting the German company is looking for a 75 percent stake in the team.
Alfa Romeo, which is a division of the Fiat Chrysler Automobiles (FCA) group, will continue to offer strategic, technical, and engineering counsel to Sauber.
Sauber's Formula One car sports the Alfa Romeo logo and the powertrains of Ferrari, also owned by FCA, as agreed before the 2018 season,
Imparato described Formula One as a “school of excellence” and part of its DNA for Alfa Romeo.
He noted that for the moment, their partnership with Sauber is a fantastic, common vision, but if one day something else occurs, it will not be a problem to develop Alfa Romeo in another way in motorsport.


South Korea Factory Output Misses Forecasts in November Amid Ongoing Economic Uncertainty
European Markets Mixed as Pound Weakens and Major Corporate Deals Emerge
Novo Nordisk and Eli Lilly Cut Obesity Drug Prices in China, Boosting Access to Wegovy and Mounjaro
How did sport become so popular? The ancient history of a modern obsession
Trump Attends Super Bowl Amid Cheers, Boos, and Political Divide
Yen Rebounds as Markets Assess BOJ Rate Hike Outlook and Intervention Risks
Lockheed Martin Secures $92.8M AEGIS Sustainment Contract from U.S. Navy
Native American Groups Slam Trump’s Call to Restore Redskins Name
Argentina Congress Approves 2026 Budget Under Milei, Marking First Legislative Passage Since 2023
Samsung Electronics Secures Annual U.S. Licence for China Chip Equipment Imports in 2026
Oil Prices Slip Slightly as Markets Weigh Geopolitical Risks and Supply Glut Concerns
Hanwha Signals Readiness to Build Nuclear-Powered Submarines at Philly Shipyard for U.S. Navy
Warner Bros. Discovery Shares Slide Amid Report of Potential Paramount Skydance Lawsuit
European Defense Stocks Slide as Trump Signals Progress in Ukraine-Russia Peace Talks
Hong Kong Home Prices Rise for Sixth Straight Month as Rate Cuts Lift Market Sentiment
Citigroup to Exit Russia With Sale of AO Citibank to Renaissance Capital 



