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 »
4y 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...
4y 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...
4y 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...
4y 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...
4y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Why Jorge Martin burst into tears at MotoGP Hungarian...
No description available...
16h ago from Motorsport.com
Marc Marquez: ‘My exceptional 2025 MotoGP season...
No description available...
20h ago from Motorsport.com
Yamaha confirms its V4 will race at MotoGP San Marino...
No description available...
3d ago from Motorsport.com
Why Yamaha was disappointing on 2026 MotoGP rider...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar's Alex Palou is not on Red Bull's F1...
No description available...
10h ago from Motorsport.com
Chip Ganassi shuts down Alex Palou and Red Bull F1...
No description available...
2d ago from Motorsport.com
IndyCar partners with iRacing for standalone video...
The NTT IndyCar Series will feature in a new branded video game title,...
2d ago from MotorsportWeek.c...
Winners and losers of IndyCar Snap-On Milwaukee Mile...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Fast WRC Paraguay stages promise “plenty of...
No description available...
11h ago from Motorsport.com
FIA launches tender process for new WRC promoter
No description available...
1w ago from Motorsport.com
Esteban Ocon's wild childhood dream: 'I wanted to buy...
No description available...
2w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal target pushing to join Gunners this summer,...
Bayer Leverkusen defender Piero Hincapie is reportedly pushing to join...
57m ago from SportsKeeda.com
Blockbuster Champions League draw is intriguing but...
s will continue to lap up massive games but perhaps the teams involved...
11h ago from TheGuardian.com
Havertz undergoes knee surgery - but Arsenal hopeful...
Arsenal forward Kai Havertz has undergone surgery for his knee injury.
11h ago from SkySports.com
2025/26 Champions League draw: Every team’s...
Champions League returns this season as the biggest clubs in European...
12h ago from CaughtOffside.com
Comments
Hottest News
F1 News Today: Mercedes and Ferrari in FIA inspection as...
The FIA have announced the outcome of a late... Read More »
1h ago from GPFans.com
Yuki Tsunoda: Red Bull underappreciated car spec difference...
Yuki Tsunoda says Red Bull underappreciated the... Read More »
17m ago from MotorsportWeek.com
Red Bull hand Yuki Tsunoda rare Max Verstappen boost
Yuki Tsunoda finds himself in a rare position in... Read More »
1h ago from RacingNews365.com
