Ferrari cars to show Ray-Ban branding

Formula One motor-racing world championship team Ferrari has signed a sponsorship agreement with Luxottica Group, the parent company of the Ray-Ban sunglasses brand.

Under the deal, Ray-Ban branding will appear on the team’s cars, starting with the series’ next race, this weekend's British Grand Prix at Silverstone.

The length of the deal was not disclosed.

“This new agreement strengthens the ties between Ferrari and Luxottica, two major Italian companies with shared principles and values that are both continuously striving for excellence,” Ferrari’s chairman and chief executive, Sergio Marchionne, said.