The new Mercedes GP Petronas (ex-Brawn GP) was unveiled is Mercedes' Museum in Stuttgard. Eventhought the new F1 car has a lot of similarities to the 2009 Brawn car, it look very similar to the Red Bull F1. The first formal presentation took place in Valncia Testing period on 1st of February. Norbert Haug said that this car commences a new era in the sport for the German company. This new era in Formula 1 will offer new challenges, greater than those of the previous 60 years in the history of F1. Ross Brawn didn't hide his enthusiasm for the resurrection of Mercedes, as well for the return of Michael Schumacher with his team.
Ross Brawn said that for him this year represents many things, first of all the brilliant future that his team has, especially if you take into consideration the fact that almost a year ago the team was struggling to take part on the championship. He continued saying about the new partnership with Michael Schumacher, an icon to the sport.''It is unbelievable to work again along Michael, i didn't believe that this would happen again. Nico Rosberg, even though he is racing for many years, will have the opportunity to drive next to a seven - time world champion.
On the other hand, Schumacher said that his return is undoubtedly one of the most important news worldwide and he's looking forward to this year. Nico Rosberg, one of the most talented young drivers on the paddock, is looking forward to working with huge names like M. Schumacher, Ross Brawn and Nick Fry. Definitely his future is very promising.
Official Daimler AG announcement (source: www.itv-f1.com)
Daimler 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. The rest of the 24.9 per cent will remain with the current stakeholders.
With 9.1 per cent, Aabar is the biggest single shareholder of Daimler AG. This transaction is subject to the approval of the EU and the Swiss cartel authorities.
The “Resource Restrictions” set by FOTA and FIA effectively limit expenditure for the design, construction and running of the racing cars.
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 partnership between McLaren Mercedes has been in place since 1995 and ended its 15th joint Formula 1 season in 2009.
The change to the form of cooperation is taking place by mutual agreement. Mercedes-Benz and McLaren will continue to co-operate with each other and the supply of engines could continue until 2015.
The McLaren Group have set themselves new targets, especially in the automotive sector, and Daimler understands and respects these new strategic objectives.
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.
“Mercedes-Benz is the most valued and best-known premium automotive brand in the world. This brand looks for competition of the utmost quality in all relevant fields in order to continually improve its performance in the face of such new challenges,” explains Dr. Dieter Zetsche, CEO of Daimler AG and Head of Mercedes-Benz Cars.
“Due to the new Formula 1 environment, we will face the competition in future on the most important motor sports stage with our own Silver Arrow works team.
“Our new Silver Arrow Formula 1 team is a great sporting and technical challenge and we will tackle this with sporting spirit and full of enthusiasm.”
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