As part of the transaction, Daimler will reduce its stake from 60%, while Wolff will up his shareholding from 30%, the statement said.
Lewis Hamilton pulverised the track record to claim pole position on Saturday ahead of a US Grand Prix that could secure the Mercedes driver's fourth Formula One world championship.
Formula One leader Lewis Hamilton smashed the Suzuka track record to seize a dominant Japanese Grand Prix pole position on Saturday with Ferrari rival Sebastian Vettel lining up alongside on the front row.
Britain's Lewis Hamilton seized his first win for Mercedes in a sweltering Hungarian Grand Prix on Sunday while Red Bull's Sebastian Vettel moved 38 points clear in the Formula One championship despite finishing third.
The glass was half full for Ferrari team boss Maurizio Arrivabene after Sunday's Italian Grand Prix, even if Kimi Raikkonen filled it almost to the brim before sloshing the contents around.
Sahara Force India returned with one point from Korean Grand Prix as Paul di Resta finished ninth and Adrian Sutil just ended outside the top-10 bracket, in Yeongam, South Korea, on Sunday.
Lewis Hamilton is now just three wins short of Ferrari great Michael Schumacher's all-time record 91.
Lewis Hamilton won the French Grand Prix on Sunday as Formula One champions Mercedes put on another show of dominance with their 10th victory in a row and 50th one-two finish.
Nico Rosberg drew first blood for Mercedes in the new Formula One season with a dominant Australian Grand Prix victory on Sunday after pole-sitter Lewis Hamilton and world champion Sebastian Vettel retired with reliability problems.
Red Bull dropped Daniil Kvyat to sister team Toro Rosso following his disastrous weekend at the Russian Grand Prix and promoted Max Verstappen as his replacement ahead of the Spanish Grand Prix.
Mark Webber is not interested in taking favour from Red Bull teammate Sebastian Vettel to end his win drought this season, at Sunday's Indian Grand Prix.
The prospect of seeing Sebastian Vettel beaten for the first time since last July is just one of the many novelties Sunday's season-opening Australian Formula One Grand Prix promises to deliver.
Lewis Hamilton survived another first corner clash with Mercedes teammate Nico Rosberg on Sunday to take a fifth Canadian Grand Prix victory and cut the German's championship lead to nine points.
Triple Formula One world champion Lewis Hamilton smashed the Bahrain circuit lap record on Saturday to take pole position ahead of Mercedes team mate Nico Rosberg for Sunday's grand prix. The Briton's best lap of one minute 29.493 seconds was the fastest ever at the Sakhir track. Ferrari's Sebastian Vettel and Kimi Raikkonen qualified third and fourth for the second race of the season.
Fernando Alonso hailed the Briton as a Formula One great and said he was happy to see him stand on the brink of a fifth world championship.
Ferrari's Sebastian Vettel qualified third, ahead of 21-year-old Monegasque team mate Charles Leclerc who was unable to repeat his Bahrain Grand Prix pole of two weeks ago.
Formula One leader Valtteri Bottas put his Mercedes on pole position by a massive margin at the Spanish Grand Prix on Saturday with team mate Lewis Hamilton having to settle for second in a front row lockout.
Outgoing Formula One champion Sebastian Vettel and Australian team mate Daniel Ricciardo were sent to the back of the grid at the season-ending Abu Dhabi Grand Prix on Saturday after stewards ruled Red Bull had used an illegal front wing.
Monaco's Leclerc, who had started on pole position for the first time, lost power with 10 laps to go while leading and finished third with an extra point for the fastest lap.
Sebastian Vettel won a tense Hungarian Grand Prix on Sunday in a Ferrari one-two that stretched his championship lead to 14 points after Mercedes rival Lewis Hamilton sportingly surrendered third place to his teammate.
McLaren's Lewis Hamilton won the US Grand Prix on Sunday while Red Bull's championship leader Sebastian Vettel failed to clinch his third consecutive drivers' title on his 100th career start.
Lewis Hamilton won the Bahrain Formula One Grand Prix for Mercedes on Sunday after French driver Romain Grosjean had a miraculous escape from a fiery first-lap crash that ripped his car in two.
Mercedes set for proper fight with Ferrari in Melbourne
Nico Rosberg said it was 'business as usual' after beating Mercedes team mate Lewis Hamilton to pole position for the fourth race in a row on Saturday in the first Formula One qualifying held in Mexico since 1992
Formula One championship leader Nico Rosberg chalked up his seventh win in a row at the Russian Grand Prix on Sunday with team mate Lewis Hamilton fighting back from 10th on the grid to seal a Mercedes one-two finish.
Formula One leader Max Verstappen passed Mercedes rival Lewis Hamilton on the penultimate lap to win a tense French Grand Prix for Red Bull on Sunday and canter 12 points clear at the top.
Spain's Fernando Alonso won the German Grand Prix for Ferrari on Sunday to extend his overall Formula One championship lead to 34 points.
Mercedes's Valtteri Bottas snatched pole position for the US Grand Prix on Saturday, breathing life into his remote title hopes while signalling to Lewis Hamilton he will not be gifting a sixth drivers' crown to his team mate.
The win was the third of the Finn's career and season, denying Hamilton a 10th of the campaign.
Nico Rosberg crossed the line a mammoth 37.7 seconds ahead of German compatriot Sebastian Vettel, who recovered after colliding with his Ferrari team mate Kimi Raikkonen at the first corner, to claim his third win from three races this season.
The Mercedes driver is 14 points clear of his rival and fellow four-times world champion after winning in France on Sunday and heads to Spielberg confident of continuing the momentum.
Germany's Nico Hulkenberg will replace Racing Point driver Sergio Perez at this weekend's British Formula One Grand Prix after the Mexican was ruled out by a positive COVID-19 test result. Hulkenberg, a veteran of 177 Grands Prix, raced for the team when they were known as Force India. He competed for Renault last season.
Daniel Ricciardo is of Italian descent and has long been considered an obvious target for Ferrari,
Mercedes had won eight of the nine previous races and their non-executive chairman Niki Lauda had stirred things up when he blamed Ferrari rather than his team's dominance for making the sport seem boring.
The pole was the 95th of Hamilton's career and seventh in nine races this season, continuing Mercedes' 100% record in qualifying.
The victory was a landmark 70th for the Briton, who is well on his way to a fifth title and is now 21 wins behind the all-time record of 91 held by seven times champion Michael Schumacher.
Finland's Valtteri Bottas took his first Formula One pole position at the Bahrain Grand Prix on Saturday with a sizzling lap that ended Mercedes team mate Lewis Hamilton's bid for a seventh in a row.
The 38-year-old 2007 Formula One world champion announced this week that he was leaving Ferrari for the second time in his career and had signed a two-year contract with the modest Sauber team, where he started in the sport back in 2001.
Formula One world champion Lewis Hamilton was quickest for Mercedes in a rainswept final US Grand Prix practice session on Saturday that was held behind closed doors due to the weather conditions.
Champions Red Bull claimed a Formula One first on Sunday by sending a female team member up to the podium to collect their constructors' trophy after Sebastian Vettel won the Bahrain Grand Prix.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances