In a statement, he said: “The Mercedes-AMG Petronas F1 team and Kingspan announced today that they have mutually agreed to end their partnership. “
Kingspan said: “We are deeply aware of the sensitivities that have been raised in recent days, and therefore we have jointly agreed that it is not appropriate to move forward at this time. “
Last week, Cabinet Minister Michael Gove added his voice on condemnation of the relatives of the 72 people killed in the devastating Grenfell fire in 2017 of the team’s decision to add Kingspan to its backers.
The Grenfell United group of survivors, in a letter to Mercedes team boss Toto Wolff, had demanded that the relationship be severed.
The group welcomed Wednesday’s announcement, saying they had met with Mr Wolff to discuss his concerns.
He said in a statement posted on Twitter: “Mercedes has done the right thing by disassociating itself from Kingspan.
“This sends, hopefully, a clear message; that people have to put before profit. “
The Kingspan logo first appeared on Sir Lewis’ car over the weekend as the seven-time world champion raced in Saudi Arabia.
The the driver said Asked about the controversy that it had ‘nothing to do’ with the deal, adding: ‘Unfortunately my name is associated with it because it has been on my car, but if it stays the same we’ll see. “
The Grenfell fire investigation raised questions about the safety of Kingspan’s foam plastic panels – used in small quantities on the tower cladding.
He heard that the composition of Kooltherm K15 insulation was combustible and had not been properly tested.
Kingspan said: “We were not involved in the renovation of the Grenfell Tower.
“However, our company Kingspan Insulation UK is a key participant in the Grenfell Tower investigation and fully supports the important work of the investigation.
“We did not fabricate the exterior cladding of the Grenfell Tower. Our K15 insulation board has been misused in this dangerous and non-compliant system.
“We did not provide or recommend the K15 to the Grenfell Tower. K15 represented approximately 5% of the insulation layer of the facade system. He was replaced without our knowledge.
“We have completed new tests that corroborate the previous fire safety claims of the three historical large-scale K15 system tests that were called into question during the investigative process.
“We condemn in the strongest terms possible the totally unacceptable historical conduct and emails that have emerged throughout the Inquiry’s discovery process.
“We sincerely apologize for these actions by a small group of employees at our company Kingspan Insulation UK. This in no way reflects the culture or values of Kingspan. ”