Mclaren Mercedes
Is DaimlerChrysler taking over McLaren?
Rumors surfaced in the German press Tuesday that minority shareholder DaimlerChrysler is close to buying the remaining 60 percent of McLaren F1 and McLaren Automotive that it does not yet own. DaimlerChrysler currently owns 40 percent, with the remaining 60 percent split equally between managing director Ron Dennis, and Saudi investor Mansour Ojjeh. The Mercedes stake in McLaren was valued at $400 million in 1999 when the automaker became part-owner.
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