Results 11 to 18 of 18
-
BANNED BANNED BANNED
- Join Date
- Jul 2003
- Posts
- 2,267
February 1st, 2010 10:54 AM #11
-
BANNED BANNED BANNED
- Join Date
- Jul 2003
- Posts
- 2,267
February 1st, 2010 10:56 AM #12
-
February 1st, 2010 12:38 PM #13Mercedes-Benz to take over Brawn GP
• Mercedes to end its partnership with McLaren
Mercedes-Benz will head up their own Formula One team next season after taking a 75.1% share in Brawn GP, the British-based constructors have confirmed.
The team will become known as Mercedes Grand Prix, with Brawn in control, while the Mercedes-Benz Motorsport vice-president, Norbert Haug, will work with the F1 team and the engine team of Mercedes-Benz High Performance Engines.
As part of the deal, Mercedes's parent company, Daimler AG, relinquished their 40% stake in McLaren, but will remain their engine suppliers for the next six seasons.
A statement released on Brawn GP's website read: "Mercedes-Benz will enter the Formula One world championship with its own team, beginning with the 2010 season, and Daimler AG and McLaren Group will change their form of co-operation with effect as of 13 November 2009. This was announced by Daimler AG today.
"Daimler AG together with Aabar Investments PJSC will take over 75.1% of the Brawn GP team, with Daimler taking 45.1% and Aabar 30%. The rest of the 24.9% will remain with the current stakeholders."
Mercedes will continue to supply engines to McLaren from next season until 2015, with the option of a further extension.
-
-
-
-
-
cadogan's aussie accent threw me for a loop. :help: :grin: anyway, do you guys agree w/ ...
Advanced Driver Assistance Systems (ADAS) /...