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Monday, May 23, 2022

Mercedes-Benz in Formula One

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Mercedes-Benz in Formula One
Mercedes-Benz in Formula One

Mercedes-Benz, a brand of the Mercedes-Benz Group, has been involved in Formula One as both team owner and engine manufacturer for various periods since 1954. The Mercedes-AMG Petronas F1 Team, which is based in Brackley, England, and possesses a German licence, is as of 2022 majority owned by the Mercedes-Benz Group with Toto Wolff having a significant shareholding. Mercedes-branded teams are often referred to by the nickname, the "Silver Arrows". An announcement was made in December 2020 that Ineos planned to take a one third equal ownership stake alongside the Mercedes-Benz Group and Wolff; this came into effect on 25 January 2022.

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