Mercedes-Benz will head up their own Formula One team next season after the German car manufacturer confirmed they have taken a 75.1 percent share in Brawn GP -- with Ross Brawn remaining as team principal. Mercedes engines powered Brawn's Jenson Button to the world championship this season -- while the team also claimed the constructors' championship.
Meanwhile, Lewis Hamilton, Button's predecessor as world champion, was also sitting behind a Mercedes engine in his McLaren. The partnership between McLaren and Mercedes has been in place since 1995 and ended its 15th season together in 2009. The new team will become known as Mercedes Grand Prix, with Brawn in control, while Mercedes-Benz Motorsport vice-president Norbert Haug will work with the F1 team and the engine team of Mercedes-Benz High Performance Engines.
As part of the deal, Mercedes' parent company Daimler AG relinquished their 40 per cent stake in McLaren, but will remain their engine suppliers for the next six seasons. Daimler AG chief executive Dr. Dieter Zetsche explained in a press release: "Mercedes-Benz is the most valued and best-known premium automotive brand in the world. "This brand looks for competition of the utmost quality in all relevant fields in order to continually improve its performance in the face of such new challenges.
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