Motor racing-Aramco becomes Aston Martin's sole F1 title sponsor

FILE PHOTO: Oct 23, 2022; Austin, Texas, USA; The crew of Aston Martin driver Sebastian Vettel (5) wheel their car onto the grid before the start of the U.S. Grand Prix at Circuit of the Americas. Mandatory Credit: Jerome Miron-USA TODAY Sports/File Photo

LONDON (Reuters) - Saudi Arabian energy giant Aramco has signed a new five-year agreement to become exclusive title sponsor of the Aston Martin Formula One team from next season, both parties announced on Thursday.

The team previously had U.S.-based IT company Cognizant as joint title sponsor with Aramco but will be known officially as Aston Martin Aramco from January. Cognizant will remain as a strategic partner.