The Mercedes AMG Petronas Formula One team is now under the full control of Daimler, after the company bought out a remaining stake in the motorsport group.

Industry journal Automotive News reports Daimler bought the 40 per cent stake in the Mercedes-Benz Formula 1 team from Abu Dhabi sovereign wealth fund Aabar Investments PJSC for an as yet undisclosed amount.

Mercedes AMG Petronas - 2

According to the report, Aabar Investments’ move to sell its F1 stake follows a decision last month to sell its remaining voting stake in Daimler.

In a statement from Aabar’s Abu Dhabi-owned parent group International Petroleum Investment Co., the fund’s sale of its stake is conditional upon approval from German and Italian antitrust authorities.

Mercedes AMG Petronas - 3

Aabar acquired its 40 per cent stake in Mercedes AMG Petronas in 2009, as part of purchasing a nine per cent stake in Mercedes-Benz.

The Mercedes F1 team has had a difficult few years despite having seven-time Formula One world champion Michael Schumacher – retiring at the conclusion of this season – on board since the team re-entered the sport in 2010.

Mercedes AMG Petronas - Michael Schumacher

For the 2013 season, Mercedes AMG Petronas will have 2008 Formula One world champion Lewis Hamilton and existing driver Nico Rosberg as its wheelmen.

  • Schah7


    • Mad Max

      Not sure that I understand what your on about here. But then I very much doubt that you do either…
      Perhaps you can (attempt) to explain?

      • Schah7

         Ah, lol actually it’s not really that hard, Mad Max. So I’m going to let you try and work it out.!

        • Mad Max

          Why would I bother trying to work you out? It would be a waste of time as your obviously a troll trying to make yourself look important. But instead you make yourself look like a total waste of space.

          • Schah7

             Your comment Mad Max has just confirmed how “ignorant” & “naive” you really are but hey that’s fine.

        • Jober As A Sudge

          But Rosberg is half-Finnish so I am confused

    • Patto

      Did it just get racist in here? If it did, you can take that sh#t elsewhere.

      • F1MotoGP

         I agree. I am surprised CA not removed his comment!

      • Schah7

         You guys have got no idea.
        Patto & F1MotoGP

  • TG


  • AW

    What is with all the Mercedes stories of late? 

  • Cazzo

    They need to buy mclaren if they want to win………

    • Mad Max

      Cazzo, I give it another 2 years and Mercedes will be unbeatable. All they need is time. They have the reasources, money, top level driver(s) and the desire to win. In 2014 when the new engine and chassis regs start they will be winning races.

      • Gus

        Toyota had the money and resources. Look where they got.