"We are very happy to have a new partner like Santander, with whom we are beginning a very important and long term collaboration," commented Ferrari President Luca di Montezemolo.
"We share common values, such as striving for excellence, a passion for competition, an international approach and, last but by no means least, the colour red. These values will make this a fruitful partnership, noteworthy around the world."
The agreement, which is for a five year period, will see the Santander logo and branding on Ferraris cars, their drivers' overalls and on the teams kit.
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