When Mercedes-Benz bought out controlling interest in AMG in 1991, its founder Hans-Werner Aufrecht was allowed to set up a separate enterprise to continue its motor racing activities in cooperation with Mercedes-Benz. So the firm bearing his initials HWA was born, and they continue to field Mercedes AMG cars in the popular DTM touring car series and producing the Mercedes Formula 3 engine for purchase by private teams.
Aufrecht has remained at the helm of the company ever since, but pushing 68 as he is, HWA is looking towards the future. In order to raise funds to secure the company's continued viability, HWA is floating five million shares and searching for a successor to Aufrecht, having invited former Mercedes CEO Jurgen Hubbert to chair their board. All the common enthusiast sees is Mercedes taking checkered flags – the news gives us a rare glimpse into the inner workings of the Mercedes sphere and their racing activities.
[Source: GrandPrix.com]
New KITT Attack Mode revealed at Comic Con
London 2008: Honda OSM concept roadster says, "Cheerio!"
London 2008: Lotus unveils the Evora
2010 Chevy Camaro - Official Details and Images
2010 Chevy Camaro - LIVE from the reveal
First Drive: Maserati Quattroporte S in Europe
First Drive: 2008 MINI Cooper S JCW
In the Autoblog Garage:2009 Nissan GT-R
North American Exclusive First Drive: Alfa MiTo
First Drive: 2009 Kia Borrego
Reader Comments (Page 1 of 1)
Mike @ Apr 2nd 2007 12:07PM
Horrible! Wait until American investors get a hold of AMG. Once the share holders start demanding lower costs in favor of better profits fast, product performance will dive and the house that AMG built will come tumbling.