“Mercedes-Benz is the most valued and best-known premium automotive brand in the world. Mercedes wants to continue the tradition in the style of these flawless Silver Arrows, which put their stamp on each era by winning the majority of the races they competed in. For this reason, it has been agreed that the buy-back by the McLaren Group of the 40 per cent McLaren share owned by Daimler AG will be completed by 2011.īy taking this decision, Mercedes-Benz resumes its marvellous motor racing history on the 75th anniversary of the Silver Arrows, the world’s most unique racing cars. The McLaren Group have set themselves new targets, especially in the automotive sector, and Daimler understands and respects these new strategic objectives. Mercedes-Benz and McLaren will continue to co-operate with each other and the supply of engines could continue until 2015. The change to the form of cooperation is taking place by mutual agreement. The partnership between McLaren Mercedes has been in place since 1995 and ended its 15th joint Formula 1 season in 2009. In addition, there will be a significantly higher income available for a Formula 1 team generated by the commercial rights of the racing series following the signing of the new Concorde Agreement. The “Resource Restrictions” set by FOTA and FIA effectively limit expenditure for the design, construction and running of the racing cars.

The background to this decision are the new terms and conditions for Formula 1.

This transaction is subject to the approval of the EU and the Swiss cartel authorities. With 9.1 per cent, Aabar is the biggest single shareholder of Daimler AG. The rest of the 24.9 per cent will remain with the current stakeholders. This was announced by Daimler AG today.ĭaimler AG together with Aabar Investments PJSC will take over 75.1 per cent of the Brawn GP team, with Daimler taking 45.1 per cent and Aabar 30 per cent. Mercedes-Benz will enter the Formula 1 World Championship with its own team, beginning with the 2010 season, and Daimler AG and McLaren Group will change their form of cooperation with effect as of 13 November 2009. Click here for the full McLaren Secrets issue for just $7.26: McLaren Secrets full issue download Includes: Brake Steer, McLaren MP4-23, AlBe the super alloy, understanding roll.

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