Mercedes takes full control of F1 team

[KillerHERTZ]

Mercedes takes full control of F1 team ​

Mercedes-Benz has taken back total control of its formula one team by buying the 40 per cent stake held by Aabar, the Abu Dhabi investment arm.

We reported in April that Aabar, who were then already watering down their involvement with Mercedes' parent Daimler, was set to pull out of the Brackley based Mercedes GP team.

Now, financial media sources Bloomberg and Reuters report that Mercedes has indeed bought back Aabar's stake.

Spokespeople for both Aabar and Mercedes confirmed the news, but would not comment on the value of the deal.

Niki Lauda, Mercedes' new non-executive chairman, currently wears 'Aabar' branding on his famous red cap.

 

[horgantrevor]

Let the good times role

 

[whitenemesis]

Guess Niki will be changing his cap!!

 

[martyz]

Now all they have to do is make a racing car,so they don't make a fool of LH too.

 

[horgantrevor]

Now all they have to do is make a racing car,so they don't make a fool of LH too.

Yes Lewis is a great driver lets hope his new car will be too but even he has said it may take till 2014 before he starts winning again

 

[Harrythedog]

Do you think Hamilton knew about the takeover when he signed?

 

[Frugal]

Do you think Hamilton knew about the takeover when he signed?

If I were considering a contract like the one LH signed, I'd want to fully understand the employer's strategic direction and all significant plans in the pipeline.

 

[martyz]

Yes,probably,more of a take back surely.