Daimler acquires full ownership of Mercedes F1


Mercedes AMG F1
19 November 2012 by Ryan Wood | M
          

The Mercedes F1 Team is now under full ownership of German manufacturer Daimler AG which has acquired the outstanding shares in the outfit.

Daimler had previously owned 60 per cent, with the remaining 40 per cent belonging to Aabar Investments following the sale of the team in 2009 when it was known as Brawn GP and under the ownership of Ross Brawn and Nick Fry.

The manufacturer which owns the Mercedes road division among other brands, confirmed on Monday it had taken full ownership for an undisclosed figure.

LATEST 0 NEWS

RED BULL

Red Bull won't help Ricciardo with team orders

F1 NEWS

F1 set for team radio clampdown in 2015

FERRARI

Fiat boss criticises Di Montezemolo's comments

sauber

Billionaire Stroll looking to buy Sauber F1 Team

F1 NEWS

Wolff calls on F1 fans to stop booing drivers

caterham

Albers resigns as Caterham team principal