The name Alfa Romeo will return to Fomula One for the first time in more than 30 years as Sauber's new main sponsor, starting in 2018.
The agreement came after Sauber confirmed a new partnership with Ferrari to early this season when an agreement previously agreed with Honda failed. The agreement with Alfa Romeo, which is part of the Fiat Chrysler Automobiles (FCA) group, will include "strategic, commercial and technological cooperation" between the parties.
Means that the team will officially be known as Alfa Romeo Sauber next year and will carry the iconic logo of the Italian company. Alfa Romeo has an important part of the history of F1, winning the first two world championships in 1950 and 1951 with Nino Farina and Juan Manuel Fangio. The company retired from F1 in 1985.
FCA president and Ferrari president Sergio Marchionne said: "This agreement with the Sauber F1 team is an important step in the refurbishment of the Alfa Romeo brand, which will return to Formula One after an absence of more than 30 years.
"A legendary brand that has helped make history of this sport, Alfa Romeo will join other major automakers participating in Formula 1. The brand it will also benefit from the exchange of technology and strategic knowledge – as with a partner of the indisputable experience of the Sauber F1 Team.
"The engineers and technicians of Alfa Romeo, who have already demonstrated their capabilities with the newly launched models, Giulia and Stelvio, will have the opportunity to make that experience available to the Sauber F1 team. At the same time, Alfa Romeo fans will once again have the opportunity to support an automaker that is determined to start writing a new and exciting chapter in its legendary unique sports history. "
The news is likely to be followed by the confirmation of Formula 2 champion and Ferrari junior Charles Leclerc to a race seat, on a day he was testing for the team at the Yas Marina circuit in Abu Dhabi. Antonio Ferrari junior Antonio Giovinazzi has also been linked with a seat next to Leclerc and the Alfa Romeo agreement reinforces his possibilities.
Sauber president Pascal Picci is confident that the news can help the team flourish.
"We are very pleased to welcome Alfa Romeo to the Sauber F1 team, Alfa Romeo has a long history of success in Grand Prix racing, and we are very proud that this internationally renowned company has chosen to work with us. For his return to the pinnacle of motorsport, the automaker is a great opportunity for the Sauber Group to further develop its technology and engineering projects.
"We are confident that together we can take the Alfa Romeo Sauber F1 team to great success and We hope to have a long and successful partnership. "