Mercedes F1 Team now completely controlled by Daimler
Daimler buys back entire stake in Mercedes F1 team from Abu Dhabi’s Abra Investments, who at the start of the year made it clear that…
It can now be said that Daimler owns the team completely as it now controls maximum percentage of shares as team Principal Ross Brawn sold his 24.9 percent stake back to Mercedes in 2011. Buying back the team will allow the company to build up its team and present it to the world on a podium for all to see.
For the 2012 season, Mercedes AMG PETRONAS F1 Team finished fifth at 142 points behind Lotus-Renault at 303 points. Important news for next season is that Michael Schumacher’s retirement will pave way for new signee Lewis Hamilton, who will be a part of this team for a period of three years. Mercedes AMG PETRONAS has signed an agreement which makes it a part of Formula One’s Concorde Agreement till 2020.
Email - [email protected]
Latest posts by Sagar Patel (see all)
- Flowers for Chloe – The new Honda Jazz ad by Honda Cars India - May 27, 2015
- CS Santosh is India’s Motorsport Man of the Year 2015 - May 27, 2015
- Nissan exports from India cross 5 lakh cars in 5 years - May 27, 2015