News Details
Mercedes move for Wolff, Lauda becomes shareholder
Mercedes has confirmed that Toto Wolff has become a new shareholder and executive director of the team.
Mercedes has also confirmed that Niki Lauda, also acquires a stake in the team.
A statement released says ‘Together with Ross Brawn, Lauda and Wolff will complete the management of the Mercedes-Benz Formula 1 racing team.'
'As an entrepreneur, investor and motorsport manager, Toto Wolff has proven that this sport runs in his blood; at the same time, he is also well aware of the economic necessities of the business,' said Dr. Dieter Zetsche, Head of Mercedes-Benz Cars and Chairman of the Board of Management of Daimler AG.
'With Toto Wolff, we have gained for our Formula 1 team not...
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12y ago from F1Zone.net
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