Mercedes-Benz Worldwide

Menu
  • News
  • A-Class
  • B-Class
  • C-Class
  • E-Class
  • S-Class
  • G-Class
  • V-Class
  • X-Class
  • T-Class
  • CLA
  • CLE
  • CLS
  • CLK
  • GLA
  • GLB
  • GLC
  • GLE
  • GLS
  • SL
  • SLC
  • Citan
  • Sprinter
  • AMG GT
  • Maybach
  • EQ
  • Unimog
  • Trucks
  • F1
  • Concept Car

Mercedes F1 boss Toto Wolff has taken a stake in Aston Martin

Mercedes-Benz | Mercedes-AMG 19/04/2020 No Comments
Mercedes-Benz | Mercedes-AMG
Click to rate this post
[Total: 1 Average: 5]

Mercedes Formula One boss Toto Wolff has taken a stake in British sportscar maker Aston Martin, whose executive chairman Lawrence Stroll runs the Racing Point F1 team, according to company filings. A Mercedes F1 spokesman said Wolff’s move was purely an investment on the Austrian’s part and would be diluted by a rights issue on Monday from 4.77% to less than 1%.
 

“Fully diluted following the pending rights issue, this investment will represent a 0.95% stake in the company,” he added. “It is a financial investment and Toto’s partnership and executive role with Mercedes are unaffected by the transaction.”
 
Swiss billionaire Ernesto Bertarelli has also bought a 3.38% stake which will be similarly diluted.
 
Wolff previously had a 16% shareholding in former champions Williams but sold that after he joined the Mercedes team, where he serves as principal and owns 30%.
 
Canadian billionaire Stroll, whose son Lance drives for Racing Point alongside Mexican Sergio Perez, is close to Wolff. The Silverstone-based team — to be renamed Aston Martin next year — use Mercedes engines and gearboxes. Mercedes-Benz’s parent Daimler also has a small stake in Aston Martin.
 
“It’s clear that Aston are now Mercedes’ B team,” the Daily Mail quoted one Formula One insider as saying.
 
Wolff’s future at Mercedes has been the subject of some media speculation, with the 48-year-old linked variously to senior management roles with Liberty Media-owned Formula One and at Aston Martin. His Aston Martin shares were bought from Yew Tree Overseas Limited, a vehicle controlled by Stroll who acquired a roughly 25% percent holding in Aston Martin with a consortium of investors.
 
Mercedes have won the past six Formula One drivers’ and constructors’ titles but have six times world champion Lewis Hamilton out of contract at the end of the 2020 season, which has yet to start due to the COVID-19 pandemic. Hamilton, who has also been linked to Ferrari, had told reporters before the global crisis changed the sporting and financial landscape that his decision would depend on Wolff’s plans. The Briton is now expected to stay at Mercedes, with a radical overhaul of Formula One’s sporting and technical regulations postponed to 2022.

Share this ↓

Related posts :

  1. Mercedes Formula One sent a statement of intent about its future
  2. Mercedes F1 2020 to debut on Valentine’s Day
  3. Mercedes F1 Clinging On To Lead
  4. Romain Grosjean Will Drive A Mercedes W10 F1 Replace Lewis Hamilton
  5. Lewis Hamilton Has A One-Year Extension From Mercedes-AMG Petronas
  6. Toto Wolff Signs 3 Years Deal With Mercedes And Ineos
  7. Mick Schumacher Inches Away From Becoming A Mercedes F1 Driver
  8. Mercedes-AMG And Aston Martin Will Share F1 Safety Car Duties
  9. Mercedes Has Trouble Producing Formula 1 Engines
  10. Mercedes F1 Team Tested Positive For COVID-19
  11. Mercedes is not ready to sign F1’s new ‘Concorde Agreement’
  12. Future of Mercedes Formula One Car Rendering
  13. Mercedes F1 Race Team Develop Life-Saving Breathing Aids for the NHS
  14. Mercedes F1 W13 Fires Up Its Engine
Prev Article
Next Article

Leave a Reply

Cancel reply

Google Translate

Recent Posts

  • Mercedes-Benz G 580 EQ Mansory Look Back To Its Fuel-Fed Version
  • 2026 Mercedes-Benz EQE 350 4MATIC SUV Review Test Drive
  • Mercedes-AMG S 63 Hammer Seem Flat & Uninteresting
  • Mercedes-AMG CLK Black Series VS Classic SL Life With My Classic
  • Mercedes E-Class Widebody Kit Feels Ready to Teach BMW’s M5 A Carbon Lesson Or Two
  • Mercedes-Benz GLC Recalls Over Insufficient C-Pillar Impact Protection
  • Mercedes-Benz G-Class Mansory’s Monopoly-Themed Is Actually Awesome
  • Mercedes-Benz 190 E Restomod Is Coming For Supercars At The Nurburgring
  • 2026 Mercedes-AMG E 53 Hybrid US Version Specs & Pictures
  • Mercedes-Benz GLC Electric Pre-Production Review
  • Mercedes-AMG C 63 You Actually Want Is A Massive Performance Bargain
  • Mercedes-Benz 190 E Restomod We’ve Been Waiting For Is Almost Here
  • Mercedes-Benz SL R107 Pogea Racing With AMG V8 Engine
  • Mercedes-AMG One Was Completely Destroyed In A Fire
  • 2026 Mercedes CLA Production Begins At Rastatt Plant
  • Mercedes-Benz Truck Drives In Reverse For Over 6 Hours & 77 Miles
  • 2026 Mercedes-Benz S-Class Arrives With Classic-Modern Styling
  • Mercedes-Maybach GLS 600 Night Edition Full Build For NFL Professional Athlete
  • Mercedes-Benz SLS AMG Black Series At 7-Eleven
  • Mercedes-Benz S 600 V12-Powered Paid Half A Corolla

Categories

  • A-Class
  • AMG GT
  • B-Class
  • C-Class
  • Citan
  • CLA
  • CLE
  • CLK
  • CLS
  • Concept Car
  • E-Class
  • EQ
  • F1
  • G-Class
  • GLA
  • GLB
  • GLC
  • GLE
  • GLS
  • Maybach
  • News
  • S-Class
  • SL
  • SLC
  • Sprinter
  • T-Class
  • Trucks
  • Unimog
  • V-Class
  • X-Class

Mercedes-Benz Worldwide

Copyright © 2025 Mercedes-Benz Worldwide