Mercedes Takes Over Brawn GP

Mercedes-Benz’ parent company Daimler AG with the help of Aabar Investments will be taking over 75.1% joint stake in this year’s championship winning team, Brawn GP. The transaction is pending the approval of the relevant European authorities. The team will be renamed Mercedes Grand Prix. Mercedes currently holds 40% participation in the McLaren team which will be bought back by McLaren over a period reaching until 2011, at which point the team will become independent. However Mercedes will continue supplying engines to McLaren until 2015 and the cars will retain their silver and red livery until then.