Why is Hamilton leaving Mercedes?
Lewis Hamilton has explained that he opted to embark upon a new chapter in Formula 1 with Ferrari as he had become “complacent” and “comfortable” at Mercedes. It was the talks over that new Mercedes deal that led to the Ferrari move. Mercedes wanted to offer Hamilton only a one-year contract – team boss Toto Wolff was planning for the future. The seven-time world champion knew he wanted to stay in F1 longer.Hamilton approached Ferrari and the team were keen to do a deal. So when they offered him a longer contract – at least to the end of 2026 – and a close to 50% pay rise to a reputed salary of 65m euros (£55m), it was a no-brainer.
Who owns Aston Martin?
So, who is the owner of Aston Martin? While Ford was the owner for around two decades, the brand is currently owned by Canadian investor Lawrence Stroll. Lawrence Stroll. Lawrence Sheldon Strulović (born 11 July 1959), commonly known as Lawrence Stroll, is a Canadian businessman who is part-owner and executive chairman of Aston Martin, as well as the owner of their Formula One team.
Is Aston Martin owned by Mercedes?
Founded in 1913 by Lionel Martin and Robert Bramford, the Aston Martin Lagonda Global Holdings PLC has been producing Aston Martin models for 104 years. That said, Ford became the primary stakeholder in Aston Martin in 1987. In 2020, however, Mercedes-Benz became the primary shareholder, increasing their stake to 20%. Who owns Volvo Cars? Volvo Cars is owned by the Chinese conglomerate Zhejiang Geely Holding Group Co. Ltd. Geely Holding. Geely is a multinational corporation that owns multiple businesses and brands in the automotive industry, and they took over the Volvo Cars brand in 2010.The Chinese parent company to Volvo, Polestar, Lotus and others is now Aston Martin’s third-largest shareholder. Geely doubles its stake in Aston Martin to 17% at a cost of £234 million ($291 million), giving it a non-executive seat on the board and extending its financial influence over the British sports car maker.
Why did Mercedes sell McLaren?
Ron Dennis said one reason McLaren and Mercedes parted ways was because of his ambitious plans to turn McLaren into a car manufacturer. Dennis insisted that in the 21st century to survive in F1 you need to have more than just a team. However Mercedes continued to supply engines to McLaren until 2014. There’s a lot of myth spreading around about the Haas being a Ferrari copy or whatever. The truth is, the Haas car right now is no different from the Sauber for example. The technical partnership means that Ferrari is very limited to what they can share within the confines of the FIA rules.
How much does Toto Wolff own of Mercedes?
Toto Wolff Net Worth: How the former racing driver built his wealth. According to Forbes, Toto Wolff’s net worth is currently $1. Mercedes-AMG Petronas Formula 1 Team. From 2024 to the year prior, his wealth increased by over 60%. Toto Wolff’s vast personal fortune is even larger than Lewis Hamilton’s. The Mercedes team principal was worth $1. April 2024, Forbes report. He officially became a billionaire a year earlier. Whereas Forbes report the driver is worth £300m.Adrian Newey has joined Aston Martin as the highest-paid non-driver in Formula 1 history, earning up to £30 million annually. Known for his legendary aerodynamic expertise, Newey will focus on creating Aston Martin’s 2026 F1 car and improving the 2025 model.According to data analysed by the digital platform Sportico, Ferrari tops the list with an estimated valuation of 4. Mercedes (3. Red Bull Racing (3.The top five richest Formula 1 drivers in 2025 are Lewis Hamilton, Fernando Alonso, Max Verstappen, Charles Leclerc, and Carlos Sainz. Hamilton leads with $434 million, followed by Alonso’s $240 million.