Giuseppe F1
1st February 2009, 23:25
The board voted 3 votes to 2 in favour off remaining in F1........close call!!!
Board approves Mercedes F1 programme
Daimler AG remains committed to Formula One
01/02/09 16:50
Only by a narrow margin was Mercedes-Benz's continued presence in Formula One approved by the marque's parent board, a report on Sunday claimed.
The German news magazine Focus said Dieter Zetsche, Daimler AG Chief Executive, recently asked the management board to vote on whether Mercedes should prolong its 13-year collaboration with 2008 drivers' world champions McLaren.
Mercedes-Benz is currently McLaren's largest shareholder, and has supplied works engines to the Woking-based team since 1995.
Amid the global financial crisis, speculation continues that other carmakers will follow Honda in withdrawing from the expensive sport.
Focus claims that the management board's vote tallied three votes to two, meaning that for now Daimler AG remains committed to Formula One.
The same magazine, however, said BMW might rethink its BMW Sauber-branded F1 programme upon completion of the quest to win the title, theoretically at the end of this year.
F1 Chief Executive Bernie Ecclestone recently said he is pressing for the manufacturers to commit contractually to the sport long-term.
Source: GMM
© CAPSIS International
http://en.f1-live.com/f1/en/headlines/news/detail/090201165053.shtml
Board approves Mercedes F1 programme
Daimler AG remains committed to Formula One
01/02/09 16:50
Only by a narrow margin was Mercedes-Benz's continued presence in Formula One approved by the marque's parent board, a report on Sunday claimed.
The German news magazine Focus said Dieter Zetsche, Daimler AG Chief Executive, recently asked the management board to vote on whether Mercedes should prolong its 13-year collaboration with 2008 drivers' world champions McLaren.
Mercedes-Benz is currently McLaren's largest shareholder, and has supplied works engines to the Woking-based team since 1995.
Amid the global financial crisis, speculation continues that other carmakers will follow Honda in withdrawing from the expensive sport.
Focus claims that the management board's vote tallied three votes to two, meaning that for now Daimler AG remains committed to Formula One.
The same magazine, however, said BMW might rethink its BMW Sauber-branded F1 programme upon completion of the quest to win the title, theoretically at the end of this year.
F1 Chief Executive Bernie Ecclestone recently said he is pressing for the manufacturers to commit contractually to the sport long-term.
Source: GMM
© CAPSIS International
http://en.f1-live.com/f1/en/headlines/news/detail/090201165053.shtml