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Holden signs ongoing V8 contracts

Holden sponsorship manager Simon McNamara said motorsport was part of the company's DNA.

...multi-million dollar extension its contract with the brand's two flagship teams - Holden Racing team and Team Vodafone - in the V8 Supercar Championship. 

The two-brand championship has been opened up to other companies starting in 2013 and Nissan has already announced a deal with Kelly Racing, which may have prompted Holden to lock in the two teams. 

The contracts - understood to be expiring at the end of the 2012 season - have been extended for an undisclosed amount and timeframe. 

Holden sponsorship manager Simon McNamara said motorsport was part of the company's DNA and countered any suggestion of taxpayer-funded motorsport by saying motorsport was a separate entity.

"We go motor racing for a number of important reasons - it provides knowledge and experience for our engineers and our trainees and accelerated research conditions for our new vehicle development, it's good for our employee enthusiasm, our dealer network, morale and our brand."

"We are proud to announce an extension of our agreements with these two teams, in doing so securing the very best teams and drivers," he said.

Stuart Martin
Contributing Journalist
GoAutoMedia Stuart Martin started his legal driving life behind the wheel of a 1976 Jeep ragtop, which he still owns to this day, but his passion for wheeled things was inspired...
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