Who are the shareholders of Mercedes F1?
The Mercedes-AMG PETRONAS F1 Team is owned by three equal partners: Mercedes-Benz, INEOS and Toto Wolff. The composition of our Board reflects this ownership structure and features a wide range of expertise and experience. Ratcliffe, who is a minority shareholder of Manchester United, owns one-third of the F1 team with his company INEOS. Wolff and Mercedes-Benz also each own one-third of the team.
Does Toto Wolff have a stake in Mercedes?
Wolff is one of three equal shareholders in the F1 team, holding a third of the company alongside the Mercedes car company and chemical company INEOS. The current Mercedes-AMG Petronas F1 Team is based in Brackley, England, and holds a German racing licence. An announcement was made in December 2020 that Ineos planned to take a one third equal ownership stake alongside the Mercedes-Benz Group and Toto Wolff; this came into effect on 25 January 2022.
Is Mercedes in debt?
Mercedes-Benz Group AG annual net current debt for 2023 was $-0. B, a 405. Mercedes-Benz Group AG annual net current debt for 2022 was $0. B, a 89. Mercedes-Benz Group AG annual net current debt for 2021 was $1. B, a 146. BLEAK OUTLOOK After a 30% slump in earnings in 2024, and 40% in its cars division, this year will see earnings fall even further, Mercedes-Benz said, expecting a rate of return in its car division of just 6-8%.Mercedes’ earnings before interest and taxes dropped 41% year-on-year to €2. Wednesday. Net profit plummeted 43% to €1. In Mercedes’ car division, the adjusted operating margin fell 1.