Mercedes buys Brawn GP F1 team
The car maker has taken a 75.1% stake in Brawn, which will be rebranded as the Mercedes GP team from next season.
According to a statement, Mercedes has relinquished its 40% stake in the Vodafone McLaren Mercedes F1 team but will remain its engine supplier for the next six seasons.
Mercedes already had a working relationship with Brawn, providing the engine used in the car driven by world champion Jenson Button last season.
The deal ends an eventful first year for Brawn. It was launched at the beginning of the year following the withdrawal of Honda from the sport and won the constructors’ championship in its first full season, while Button (pictured) won the driver’s title.
Mercedes’ parent company, Daimler AG will take a 45.1% stake in Mercedes GP, while Asbar Investments will own 30%. The remaining 24.9% share will be owned by the “current stakeholders”.
