Boss Brawn accepts Lowe to replace him
Tag Archive: Mercedes GP
Now, financial media sources Bloomberg and Reuters report that Mercedes has indeed bought back Aabar’s stake.
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.
But Zetsche told German weeky Die Zeit: “We do not intend to increase our budget.”
Dieter Zetsche, the chairman of Mercedes’ parent Daimler, has denied reports he has approved an increase in the F1 team’s budget for 2013. Reportedly on new recruit Niki Lauda’s recommendation, it emerged recently that Mercedes-Benz is prepared to boost the Brackley based team’s coffers to the tune of many millions.
Seven time world champion Schumacher has lost his Mercedes drive to Lewis Hamilton.
Sebastian Vettel on Wednesday said he hopes his countryman and friend Michael Schumacher finds a seat to keep racing in formula one next year. But he has been linked with a move to another team – perhaps Sauber, Williams or Lotus – while Daimler chairman Dieter Zetsche has offered him a job in team management at Mercedes GP.
F1 pundit Davidson in hospital after Le Mans crash
F1 television pundit Anthony Davidson is in hospital after a huge airborne crash during the fabled Le Mans 24 hour race. The 33-year-old former Super Aguri driver, whilst at the wheel of a Toyota hybrid prototype sports car late on Saturday, was taken to the medical centre after the incident involving a GT runner that was being lapped.
A spat between two Britons could drive the German giant Mercedes out of formula one, according to a new media report.
F1 chief executive Bernie Ecclestone recently confirmed he is at loggerheads with Mercedes over the next Concorde Agreement. But at the same time, he insisted that the Stuttgart marque is “very important to formula one. I have always supported them and I will always,” he is quoted by Auto Motor und Sport.
Ecclestone proposes ‘Grand Slam’ F1 races and backs customer cars, not budget cap
Bernie Ecclestone has confirmed he is still at loggerheads with Mercedes over the new Concorde Agreement. The German carmaker’s team is the big missing name, after F1 chief executive Ecclestone announced recently he has agreed terms with “the majority” of the teams including Ferrari, McLaren and Red Bull.
Michael Schumacher has revealed he would not have returned to formula one if not for the sport’s strict testing ban.
Two years after his record seventh title, the famous German retired in 2006, but then came back with the new Mercedes GP venture in 2010 and is now deciding whether or not to extend his contract for 2013.
Daimler chairman Dieter Zetsche on Thursday indicated he would like Michael Schumacher to extend his Mercedes GP contract beyond 2012.
Seven time world champion Schumacher’s existing three year contract, dating back to his decision to return to F1 in 2010 after a three-year sabbatical, runs out this year.
Zetsche is quoted by Seddeutsche Zeitung newspaper as saying Mercedes is fully committed to formula one, with an “engagement for the long term”.
Nico Rosberg is not sharing his pit garage with the ideal teammate, according to 1996 world champion Damon Hill.
Nico Rosberg has admitted his four-year tenure at Williams was “not ideal”.
At the age of 20, the German made his formula one debut with the famous British team in 2006, leaving only for Mercedes GP four full seasons later. This year, he will spend a third consecutive season as the great Michael Schumacher’s highly respected teammate, while still looking to add a single race victory to his tally of now more than 100 grand prix starts.
Marussia’s 2012 car will not debut at the opening test of the official pre-season early next month.
It was rumoured on Monday that technical consultant Pat Symonds had said at the weekend that the former Virgin team’s new single seater will appear only at the second February test, at Barcelona’s Circuit de Catalunya.
Mercedes is the next team working on a copy of Lotus’ innovative ‘braking ride-height correction’ system ahead of the 2012 system.
Shortly after news broke that the former Renault team had devised a passive and therefore legal system to stabilise a car’s ride height under braking, reports emerged that Ferrari is “working on a similar system”.