As part of the transaction, Daimler will reduce its stake from 60%, while Wolff will up his shareholding from 30%, the statement said.
Germany's Nico Rosberg will race for Mercedes next season, the team that this year won the Formula One championship as Brawn said on Monday. Rosberg has spent the last four years competing for Williams. Yet to win a race in 70 starts, the 24-year-old son of Finland's 1982 champion Keke finished seventh overall this season. His best finish is second place in Singapore in 2008.
George Russell seized pole position for a race that could snap teammate Kimi Antonelli's winning streak while Ferrari's Lewis Hamilton split the Mercedes pair in Barcelona-Catalunya Grand Prix qualifying on Saturday.
Shubman Gill had a memorable first experience of Formula 1 as he attended Sunday's British Grand Prix at Silverstone.
German luxury carmaker Daimler has taken full control of the Mercedes Formula One motor racing team after buying a 40 percent stake owned by Abu Dhabi sovereign wealth fund Aabar Investments.
Seven-time world champion Lewis Hamilton will be staying in Formula One for the next two years at least after he and Mercedes announced a contract extension on Saturday.
Mercedes said the W17 car completed 67 laps and nearly 200km without any problems.
Born on March 30, 1948, Jordan competed in motor racing's junior series before becoming a driver manager and then a team owner.
George Russell won the Austrian Grand Prix from pole position, his second victory of the season, reducing Mercedes teammate Kimi Antonelli's Formula One lead to 40 points.
Mercedes's George Russell lapped the circuit in one minute, 18.518 seconds to win the Australian Open F1 Grand Prix qualifying.
George Russell is aiming for a comeback at the Canadian Grand Prix with car upgrades and a renewed focus on fundamental racing skills after teammate Kimi Antonelli's strong performance.
Mercedes driver Kimi Antonelli needs a strong performance at the Belgian Grand Prix to extend his Formula One championship lead, which has shrunk to 25 points over teammate George Russell, as a resurgent Ferrari, with Lewis Hamilton and Charles Leclerc, poses a significant threat.
Kimi Antonelli will either be Formula One's youngest world champion, well before the end of the season on current form, or the first driver to win five races in a row in a single campaign and not take the title.
George Russell emerged victorious in the Canadian Grand Prix sprint race, leading from pole position.
Formula One championship leader Kimi Antonelli stayed ice-cool to win a chaotic Monaco Grand Prix and extend his run of victories this season to five on Sunday.
Kimi Antonelli, the Italian teenager, secured his third consecutive Formula One victory at the Miami Grand Prix, extending his championship lead. The race saw dramatic moments, including a safety car deployment and penalties for top drivers.
Kimi Antonelli of Mercedes wins the Japanese Grand Prix, becoming the youngest-ever championship leader. The race saw a high-speed crash involving Oliver Bearman, who was later cleared by doctors.
If British industry succeeds in saving lives during the coronavirus pandemic it will be due in part to the pioneering role played by Formula One racing teams in the country. Seven of the 10 Formula One teams have joined forces with leading aerospace and engineering companies to ramp up production of ventilators while Mercedes has also worked with medics and academics to produce an alternative breathing aid.
Formula One teams and stakeholders have unanimously agreed to engine rule tweaks aimed at improving racing and driver safety, starting with the Miami race on May 3.
Kimi Antonelli claimed his first Formula One victory at the Chinese Grand Prix, becoming the second-youngest race winner in history as Mercedes secured a one-two finish.
Kimi Antonelli became the youngest Formula One driver to take pole position for a full Grand Prix after qualifying fastest for Mercedes in China on Saturday.
Mercedes have signed 18-year-old Kimi Antonelli to replace Lewis Hamilton next year.
Hundreds of Formula One team personnel are stranded in Bahrain after airspace closures triggered by Middle East conflict, but Australian GP chief Travis Auld says Melbourne's season-opener will not be affected.
Formula One could take another twist in Austria this weekend after Lewis Hamilton ended Mercedes' dominant run with his breakthrough first win for Ferrari in Spain.
Lewis Hamilton had his first taste on Friday of the Mercedes car that he hopes will make him Britain's first four-times Formula One world champion this season.
Formula One's 2026 season opens at the Australian Grand Prix with sweeping chassis and power unit changes, new overtake modes and sustainable fuel ushering in a bold but uncertain new era.
George Russell secured a dominant victory for Mercedes at the Australian Grand Prix, leading teammate Kimi Antonelli and overcoming an early challenge from Ferrari's Charles Leclerc.
Lewis Hamilton was all smiles as he showed off his new Mercedes Formula One car on Monday, even if the 2008 world champion is clearly still adjusting to life after McLaren and may have to wait a while to win again.
Ferrari have secured Charles Leclerc's future with a long-term contract extension ahead of the Monaco Grand Prix, reaffirming their commitment to the Monegasque star as he continues his title challenge in Formula One.
Mercedes boss Toto Wolff accuses rival Formula One engine manufacturers of ganging up to pressure the FIA over a proposed rule change, calling the controversy a "storm in a teacup" ahead of the new season.
Swiss-based Sauber have parted company with principal Monisha Kaltenborn, the first woman to run a Formula One outfit, the team's owners said.
Ross Brawn will stand down as principal and leave the Mercedes Formula One team at the end of the year, Mercedes said in a statement on Thursday.
Audi launched their debut Formula One livery, outlining a five-year plan to challenge for championships by 2030 as the former Sauber outfit begins a new era.
In terms of achievement, McLaren are the second most successful Formula One team of all time with 203 grand prix victories since the first in 1968.
McLaren, who secured the constructors' championship in October for the second year in a row, won both titles in the same season for the first time since 1998.
Champions Mercedes are chasing a sixth successive double, and Lewis Hamilton his sixth drivers' title, but the task looks tougher than ever.
Formula One's new energy rules face criticism after the Japanese GP, with drivers questioning racing quality and safety ahead of a five-week break.
Six-times Formula One World champion Lewis Hamilton will be back on track at Silverstone next week for the first time since February as Mercedes gear up for the start of the delayed Formula One season. Mercedes said on Twitter that Hamilton will be in his title-winning 2018 Mercedes W09 car on Wednesday, with team mate Valtteri Bottas driving on Tuesday, to practise protocols for the July 5 Austrian opener.
Lewis Hamilton dismisses retirement speculation, confirming his commitment to Ferrari with a contract extending to 2027. He also shared his support for Arsenal's Premier League title win, while other drivers discussed their football allegiances ahead of the Canadian Grand Prix.
Formula One world championship leader Nico Rosberg's contract with the Mercedes team has shown up in the Panama Papers, leaked documents which reveal offshore financial dealings, German broadcaster ARD reported on Monday.
