Marussia renews with Armin Strom

Formula One motor racing team Marussia has signed a one-year extension to its sponsorship agreement with Swiss watch manufacturer Armin Strom.

The deal marks a fourth year of collaboration between the two parties and Armin Strom’s logo will continue to feature on the team's race cars, trackside environment and on the overalls of driver Max Chilton, who also serves as a brand ambassador for the firm.

Additionally, Armin Strom has created a new range of watches that incorporates the same composite materials used to build Marussia’s MR03 car.

Last month, Marussia enhanced its commercial partnership with InstaForex to make the Russian foreign exchange markets broker an official partner for 2014.