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
Jorge Martin to drop three places on Spanish GP grid...
No description available...
4h ago from Motorsport.com
Marc Marquez can only "survive" in Spanish...
No description available...
3h ago from Motorsport.com
Pedro Acosta explains Q1 relegation, hopes Jerez is...
No description available...
4h ago from Motorsport.com
Popular On IndyCarToday.com
Tony Kanaan opens up on Lundgaard, Siegel contract...
No description available...
2h ago from Motorsport.com
Pato O'Ward issues damning verdict on ‘Mario...
Pato O'Ward isn't chasing F1 any more after falling out of love with...
3d ago from MotorsportWeek.c...
Winners and losers from the IndyCar Grand Prix of Long...
No description available...
3d ago from Motorsport.com
IndyCar Officiating confirms Scot Elkins as Managing...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Ogier goes all out on asphalt attack
Sebastien Ogier and Vincent Landais lead Rally Islas Canarias by 8.6...
1h ago from MotorsportWeek.c...
Dani Sordo reacts to interest from WRC’s newest...
No description available...
3h ago from Motorsport.com
WRC Canary Islands: Sebastien Ogier extends lead as...
No description available...
7h ago from Motorsport.com
WRC Canary Islands: Sebastien Ogier leads, SS3...
No description available...
11h ago from Motorsport.com
Popular On GunnersToday.com
Arsenal and Man United look to beat La Liga giants in...
Atalanta midfielder Ederson has been linked with a move away from the...
33m ago from CaughtOffside.com
Arteta targets 60m speedster as Man United prepare bid...
Karim Adeyemi has been linked with a move away from Borussia Dortmund at...
2h ago from CaughtOffside.com
Mikel Arteta confirms 2 key Arsenal stars will return...
Arsenal manager Mikel Arteta has confirmed that Riccardo Calafiori and...
3h ago from SportsKeeda.com
'We are all in. Let’s go for it' - Mikel Arteta...
Arsenal boss Mikel Arteta has urged his players to rise to the occasion...
3h ago from SportsKeeda.com
Comments
Hottest News
Red Bull copy Ferrari as major 2026 upgrade revealed
Red Bull F1 team debuted a drastically revamped... Read More »
42m ago from GPFans.com
Mercedes beware: McLaren are bringing ‘a completely new...
Mercedes have dominated the 2026 F1 season so... Read More »
1h ago from GPFans.com
'F1 used to be pure but the races were boring': Star claps...
A star of the 2026 F1 grid has vehemently... Read More »
1h ago from GPFans.com
