Formula One: Ferrari's new Sponsor

Ferrari's Formula One team on Thursday declared a three-year sponsorship contract with an investment company owned by the Emirate of Abu Dhabi. 

The logo for the Mubadala Development Company will be displayed on Ferrari's cars and the caps worn by the team's drivers Kimi Raikkonen and Felipe Massa. Financial terms were not revealed for the contract, which started January 1 2007.

Mubadala acquired a five percent stake in Ferrari from Mediobanca of Italy in July 2005.

The 2007 F1 season starts with the Australian GP on March 18.

The race schedule for the 2007 event is as follows:
Australia, March 18 
Malaysia, April 08 
Bahrain, April 15 
Spain, May 13 
Monaco, May 27 
Canada, June 10 
United States, June 17 
France, July 01 
United Kingdom, July 08 
Germany, July 22 
Hungary, August 05 
Turkey, August 26 
Italy, September 09 
Belgium, September 16 
China, September 30 
Japan, October 07 
Brazil, October 21

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