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. Last Updated: 07/27/2016

Castrol Backs Mercedes

Castrol, the international lubricant specialist, will be a partner in Mercedes' return to Formula One Grand Prix Racing this season.

Mercedes, which will develop engines for a team called Sauber-Mercedes, is returning to Formula One racing after a 40-year absence in the hopes of attracting younger customers to their luxury cars. In the past few years, Mercedes has seen its market share eroding among the younger generation of drivers.

The Castrol sponsorship builds on a successful relationship with the Sauber racing team in other auto racing classes. The sponsorship was announced Wednesday.