The International Motorsport Federation (FIA) has struck a deal for Formel 3 Vermarktungs to continue serving as the promoter of its Formula 3 European Championship motor-racing series.
Under the extended contract, the terms of which were not disclosed, Formel 3 will retain responsibility for the organisation and promotion of Formula 3. The company has served as the series’ official promoter since the 2013 season.
The current Formula 3 season began with an event at Great Britain’s Silverstone Circuit on April 10-12 and will conclude at Germany’s Hockenheimring track next month.
“It is essential that the FIA is able to rely on strong commercial partners in order to guarantee the operation of its series on a long term basis,” FIA president Jean Todt said. “Since 2013, Formel 3 Vermarktungs has provided a robust commercial platform which helped the renewal of Formula 3 as category. It was an important contribution to the rebuilding of the single-seater ladder that is one of the goals of the FIA.”
Walter Mertes, chief executive of Formel 3, added: “This agreement allows both parties to continue on this successful path. We are confident that the FIA Formula 3 European Championship still has a huge potential to further grow and progress in 2016 and beyond.”