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Why Mercedes "never seriously considered" waving goodbye to F1
Daimler's dilution of its shareholding in the Mercedes Formula 1 team has paved the way to speculation that it is the first step of an exit strategy. The company recently offloaded 27 per cent of its shareholding to become a one-third equal partner alongside Mercedes F1 CEO and team principal Toto Wolff and INEOS, the chemicals giant owned by British billionaire Sir Jim Ratcliffe. Article continues under video Daimler chairman Ola Källenius has made clear, however, that the brand took stock of what he has described as "the four pillars" to determine its position on F1 which he insists remains a valuable sporting product in the company's long-term plans. Dismissing recent...
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4y ago from GPFans.com
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