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McLaren buys back Mercedes 40 per cent share

“I've often stated that it's my belief that, in order to survive and thrive in 21st-century Formula 1, a team must become much more than merely a team,” underlined the Englishman. “That being the case, in order to develop and sustain the revenue streams required to compete and win grands prix and world championships, companies that run Formula 1 teams must broaden the scope of their commercial activities.

“Nonetheless, all of our partners will of course continue to play a crucial role in our Formula 1 programme. For that reason, and because the engines they produce are very competitive, we're delighted that Mercedes-Benz has committed to continue not only as an engine-supplier but also as a partner of ours until 2015 – and perhaps thereafter.

“The next few years will be a very exciting time for McLaren, during which period we intend to become an ever-stronger technological and economic force. Formula 1 will always be a core activity, for sound business reasons as well as for historical sporting reasons; to be clear, our Formula 1 business has traditionally enjoyed great financial security, largely as a consequence of the longevity of our contracts with our partners, many of which have exceeded 15 years of continuous involvement with McLaren. Indeed, two of our partners have been with us for more than 25 years.

“We're risk-averse by design. Over the past two years we've analysed in great detail the challenge of entering the high-performance production sportscar market. In the MP4-12C, which will be introduced to market in 2011, we have a car that has inherited the genes of the iconic McLaren F1 of 1994 and has already been the subject of much global media acclaim. It is proposed that it will be produced in a new state-of-the-art production facility adjacent to the existing award-winning McLaren Technology Centre at Woking.”




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Calvin _

November 16, 2009 1:00 PM

JET, McLaren F1, one of the most iconic cars of the last century. I think that McLaren have enough engineering history for them to be OK. And, I'm pretty sure than RD has done his sums before embarking on this venture.

Mob rules - Unregistered

November 16, 2009 1:31 PM

Lorenzo no he is not an anti McLaren bigot. Just that he knows plenty from what I have gathered by reading his posts. The problem with his now assumption is that McLaren was succesful throughout the years without/with Mercedes. As a matter of interest I believe Mercedes is known, as far as F1 is concerned, thanks to McLaren. I am sure McLaren will do well and their road car will be a success too. There are plenty people who will buy it just for the fun of it.



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