I’m delighted to announce our new association with Mercedes-Benz for the 2014 Formula One season and beyond. Mercedes-Benz has been one of the sport’s most successful engine suppliers and we believe that they will have an extremely competitive engine package. I would also like to take this opportunity to thank Renault for their continued hard work since we renewed our engine partnership at the beginning of the 2012 season. We have enjoyed a strong relationship that has resulted in much success over the years, including powering us to winning ways once again last year at the Spanish Grand Prix.

The announcement of this partnership is exciting news for Williams. Securing the right engine supply partnership is a key milestone in the implementation of our strategy for long term success. We are also pleased to conclude this agreement early in the season and we very much look forward to working with Mercedes AMG HPP in developing our 2014 race car.

It is a very proud moment for everybody at Mercedes AMG High Performance Powertrains to announce the start of this new partnership with the Williams F1 Team. Williams is one of the sport’s iconic names and we are very excited to be working together towards a successful future under the new regulations. A further positive is that this new agreement provides Mercedes-Benz with the long-term stability of supplying our works team and at least two partners from the 2015 season onwards, following the conclusion of our relationship with McLaren at the end of next season.

The proud heritage of Williams and the company’s commitment to technological excellence make it a perfect long-term partner for Mercedes-Benz under the new powertrain regulations. It is a win-win situation for both HPP and Williams, which will ensure HPP is able to supply at least three teams on a long-term basis under the new regulations and could open interesting new perspectives for technology transfer. We look forward to enjoying much success together over the coming years.

We would like to thank Williams for the warmth it has extended to Renault over the last two years and wish the team the very best for the future. Williams and Renault have a long history together and quickly recaptured its winning spirit in the early days of the rekindled partnership with victory in Spain 2012. We will continue to actively work with the team until the Brazilian Grand Prix in November to end the second incarnation of the partnership with results that do justice to its reputation.

For Renault Sport F1, we have stated on numerous occasions that we would supply up to five teams if there was a requirement to do so, but this would not make sense economically or be ideal for our resources. Three, or up to four, teams is the ideal for us so the departure of Williams normalizes the situation and makes things much clearer from our side. We will announce the next team within a matter of days, and then confirm the final stage before the end of June. We remain incredibly motivated about the challenge of the 2014 engines.