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
Fabio Quartararo: “When results are not coming, you...
No description available...
14h ago from Motorsport.com
Aprilia “closer or even ahead of Ducati” after...
No description available...
16h ago from Motorsport.com
Francesco Bagnaia reveals ‘glimmer of hope’ given...
Francesco Bagnaia revealed he has “a glimmer of hope” despite...
17h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Enzo Fittipaldi hails ‘productive’ test with Arrow...
Enzo Fittipaldi completed an IndyCar test with Arrow McLaren last week,...
1d ago from MotorsportWeek.c...
Mick Schumacher is “very open” to exploring an...
No description available...
1w ago from Motorsport.com
WATCH: Alex Palou talks F1 dream, perfecting his craft...
No description available...
1w ago from Motorsport.com
Rinus VeeKay signs with Juncos Hollinger Racing for...
Juncos Hollinger Racing has announced that it has signed Rinus VeeKay for...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Lancia confirms 2026 WRC2 entry with the new Ypsilon...
Lancia will return to the World Rally Championship next year with the new...
18h ago from MotorsportWeek.c...
M-Sport favours new WRC car build over upgraded Rally2...
No description available...
21h ago from Motorsport.com
Martins Sesks rejoins M-Sport for WRC Saudi Arabia...
No description available...
2d ago from Motorsport.com
Mārtiņš Sesks and Nasser Al-Attiyah join M-Sport...
WRC Promoter, SafetyCulture and M-Sport Ford World Rally Team are...
2d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Premier League Unsung Heroes XI - 2025/26 so far!
Which top performers are flying under the radar in the Premier League so...
8h ago from SkySports.com
‘Phenomenal’ Gyökeres has made Arsenal a much...
t;li>Manager praises physical striker’s unpredictabilityTeammates...
7h ago from TheGuardian.com
Player ratings: Arsenal 4-0 Atletico Madrid
Arsenal made it three from three in this season's Champions League after...
9h ago from FreshArsenal.com
Man in the mask Gyökeres silences ‘invisible’...
centre-forward Arteta craved ends a nine-match goal drought to excite his...
8h ago from TheGuardian.com
Comments
Hottest News
F1 News Today: Alpine announce new driver signing as...
Alpine's World Endurance Championship (WEC) team... Read More »
1h ago from GPFans.com
F1 Fantasy: Surprise joint winners in Texas as McLaren...
Max Verstappen and Charles Leclerc were surprise... Read More »
43m ago from GrandPrix247.com
Mercedes boss Wolff admits to 'mistake' in 'destabilising'...
Mercedes chief Toto Wolff has admitted he made a... Read More »
1h ago from SkySports.com
