When rumors surfaced earlier this year regarding the desire of Abu Dhabi's Aabar Investments to completely shed its stake in Daimler, no one knew why and neither party would comment. The Middle Eastern investment firm took a 9.1-percent stake in Daimler in 2009, had dropped that to 3.1 percent earlier this year, then got rid of the remainder in October. Part of that original deal in 2009 was a 40-percent share in the Mercedes Formula One team, and Reuters has reported that Daimler just bought that back as well.

Pending approval from the regulatory authorities, the German company will fully control its F1 team (team principal Ross Brawn had owned 24.9-percent of the team but sold it to Mercedes in early 2011). The amount paid for the stake hasn't been disclosed.

Daimler can now focus on getting the team where it wishes to be, which is not down in fifth place fighting with Sauber and with less than half the points of fourth-placed Lotus. The team rebranded itself Mercedes-AMG this year, has committed to Formula One's Concorde Agreement until 2020 and signed Lewis Hamilton for three years. It will want to begin extracting added value for the hundreds of millions of dollars it has already invested and the hundreds of millions more it knows are required.


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    • 1 Second Ago
  • 10 Comments
      Sir Duke
      • 2 Years Ago
      As a lifelong F1 fan (not a fan of Mercedes Benz) none of this means squat if Lewis doesn't get a better car than the one that they fielded this year.
        Jonathan Arena
        • 2 Years Ago
        @Sir Duke
        I can't imagine Lewis would have left McLaren if Mercedes hadn't made a pretty strong case that they will be more competitive next year...
          Pdexter
          • 2 Years Ago
          @Jonathan Arena
          I don't believe a second anybody can be sure their car will be in the top 4 at this time. Though i'm sure they have done promises. I got a feeling Lewis made that decision partly because he wanted a change and maybe a bit too hasty thanks to the reliability concerns.
      • 2 Years Ago
      [blocked]
        JF GeSchmidtt
        • 2 Years Ago
        It can't hurt their car sales. We need more competition at the sharp end in F1, it has been almost pathetic (except for a glimmer or two) to watch MB this year.
        Nathan Loiselle
        • 2 Years Ago
        No. But it may help in selling technical experience to other firms and companies. Much like Lotus tunes chassis's for other companies.
      • 2 Years Ago
      [blocked]
      eternali
      • 2 Years Ago
      The team is positioning itself to be #1. Excellent.
      SloopJohnB
      • 2 Years Ago
      At last...time for Mercedes to step up and make the latest Arrow.