News Details
Daimler CEO clarifies choice for INEOS: "Win-win situation"
In February 2020, Mercedes announced that they had attracted a new main sponsor for the team in INEOS, and that partnership obviously went down well. Indeed, in December 2020, the chemical group purchased 30 percent of Daimler's shares. As a result, INEOS now has a significant stake in the Formula One team, and Daimler CEO Ola Kallenius now explains why they went into business with each other. All one-third The construction at the moment is that Daimler owns one third of the team, 30 percent belongs to INEOS and the share of team boss Toto Wolff has also been increased to one third. This makes three parties the biggest stakeholders in the team and with the sale of shares to INEOS they are...
Full Story »
Full Story »
5y ago from GPBlog.com
0
You May Also Be Interested In...
INEOS partnership opens the door to potential hydrogen...
INEOS CEO Sir Jim Ratcliffe has suggested Mercedes could begin to explore...
5y ago from GPFans.com
INEOS a ‘turning point' for F1 sports franchises
Not only is INEOS's investment in the Mercedes team a game-changer for...
5y ago from PlanetF1.com
An engineer or a salesman? Who is the new CEO at...
With the announcement that Laurent Rossi will be the new CEO of the...
5y ago from GPBlog.com
Storey: Return of Rich Energy as sponsor feels like...
William Storey, CEO of Rich Energy has confirmed the return of his...
5y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Yamaha: ’2026 MotoGP bike not performing badly but...
No description available...
3h ago from Motorsport.com
Honda’s Joan Mir believes Ducati has given rivals a...
No description available...
22h ago from Motorsport.com
How Ducati sent a warning to its MotoGP rivals at...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Zak Brown “would love” Indy 500 reunion with...
No description available...
1d ago from Motorsport.com
Arrow McLaren unveils liveries for 2026 IndyCar...
Arrow McLaren has taken the wraps off its trio of challengers for the...
2d ago from MotorsportWeek.c...
Arrow McLaren officially opens doors to new home in...
No description available...
1d ago from Motorsport.com
"It's fun," says Mick Schumacher after his...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Esapekka Lappi thought his WRC career was over, but...
No description available...
22h ago from Motorsport.com
Kalle Rovanpera co-driver Jonne Halttunen lands Toyota...
No description available...
1d ago from Motorsport.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
4d ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Sources: Newcastle lead race for 'exceptional' talent...
Newcastle United have attracted a lot of unwanted headlines this week...
2h ago from CaughtOffside.com
Verbal agreement reached as Arsenal & Chelsea...
Fabrizio Romano reports that Juventus attacking midfielder Kenan Yildiz...
2h ago from CaughtOffside.com
'It's not the Champions League final' – Chelsea...
Chelsea legend John Terry has mocked Arsenal for their over-the-top...
4h ago from CaughtOffside.com
Update: Arsenal will try again for midfielder this...
Arsenal are reportedly likely to try again for the transfer of Bayern...
5h ago from CaughtOffside.com
Comments
Hottest News
More purges at Red Bull as team flushes Horner era
Red Bull Racing is officially done with... Read More »
1h ago from F1i.com
McLaren admits Mercedes has ‘raised the bar' after...
McLaren boss Andrea Stella has admitted that... Read More »
1h ago from MotorsportWeek.com
F1: Drivers play down closing speed safety fears
Drivers insist that vast differences in speeds... Read More »
35m ago from Pitpass.com
