Formula 1 - Ferrari secure first Chinese sponsor

Ferrari announced their first Chinese sponsor on Thursday, a maker of components for heavy industrial vehicles a world away from the glamour of the Italian company's supercars.

Reuters
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2013, Ferrari, Pedro De La Rosa

Ferrari said in a statement that the deal with Weichai Power would run to the end of the 2016 season.

China is a major market for Ferrari, who have had a presence there for more than 20 years.

The team were overall runners-up in Formula One last season and are the only ones to have competed in every championship since 1950.

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