Formula 1: Mercedes Takes Control of Brawn GP

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John Beltz Snyder on Mon, 11/16/2009 - 12:52
Filed Under: Manufacturers, Mercedes-Benz, Driving & Motorsports, Automakers
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Mercedes-Benz parent company, Daimler AG, has announced that, along with Aabar Investments, it is taking over a 75.1 percent joint stake in Brawn GP, the winner of this year’s Formula 1 championship. Furthermore, the team’s name will be changed to Mercedes GP, beginning next season.

Ross Brawn, Nick Fry, and other partners will still control the remaining stake, and Brawn will continue as Team Principal.

Also of note, McLaren will buy Back Mercedes’ 40 percent stake in its team by some time in 2011, leaving McLaren independent. Mercedes-Benz will still supply engines to McLaren until 2015.

+ F1 Live: Mercedes take over Brawn GP

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