Ferrari lose Italian drinks sponsor

(GMM) The famous Italian drinks firm Martini did not renew its Ferrari sponsorship ahead of the 2009 F1 season.

Martini, following past associations in the sport with Alfa Romeo and Lotus, returned to formula one with Ferrari on a three-year contract in 2006.

The red and black Martini logo was, however, missing from the livery of the new F60 when it was unveiled earlier this week, although it is believed the Turin based company may continue to advertise trackside.

The Ferrari-Martini deal was estimated at more than 3 million euros per year.