AUSTRALIA: Foster’s to sponsor home country F1 race till 2006
Wine and brewing giant Foster's Group Ltd is to title sponsor Formula One's Australian Grand Prix until 2006 with an option to renew the company announced this week. Ted Kunkel, Foster's Group president said: "The driving factor behind our decision to pursue this opportunity is that the Australian Grand Prix is an international spectacle, watched by 600 million viewers in 212 countries.