Ferrari have bucked the global economic crisis squeezing Formula One by agreeing a sponsorship deal with Indian carmaker Tata.
"For the first time an Indian brand will appear on the Ferrari," president Luca di Montezemolo told Italian media. "It's historic."
A Ferrari spokesman confirmed a deal had been reached and said the details and duration would be announced shortly.
Tata and Ferrari's parent company Fiat have a joint venture in the Indian state of Maharashtra to produce cars.
Right. Tata has so much money, they can sponsor Ferrari in F1. YET..
Jaguar Land Rover, owned by the Indian conglomerate Tata, wants a £1 billion bailout and Vauxhall, owned by General Motors, is also asking for financial aid.
They really do think we are cunts, don't they?