Monday, February 28, 2011

Mercedes completes Brawn buyout

Mercedes GP Formula 1 team is now fully owned by the car manufacturer after its parent company bought remaining shares from former Brawn GP team management
Daimler AG and Aabar acquired the final 24.9% from Ross Brawn and his management partners, whose F1 team was taken over by Mercedes in 2009
Brawn, now the Mercedes GP team principal, says the move is positive
"It's a further step in strengthening for the future," he said. "I remain fully committed for the long term
He added: "Motor racing, particularly F1, is a very specialised industry and we are privileged to have such strong and understanding partners as Daimler and Aabar to support our joint ambitions
from bbc sport

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