Martini agree deal - 23rd January 17:21pm GMT

Ferrari announces that it has reached a sponsorship agreement with Martini Racing.

The agreement, which covers a three year period, will see the Martini logo appear on the cars that will contest the FIA Formula 1 World Championship.

Martini have a history of sponsoring Ferrari's sister, Lancia where for many years back in the 80's and early 90's they were backing the Delta's in the WRC.