What is Mercedes-AMG Petronas?
The Mercedes-AMG PETRONAS Formula One Team, based across Technology Centres at Brackley and Brixworth in the United Kingdom, brings together over 1,000 dedicated and determined people that design, develop, manufacture and race the cars driven by multiple F1 Grand Prix winner George Russell and up-and-coming Italian . Mercedes-AMG has been a wholly-owned subsidiary of Mercedes-Benz AG since 2005 and has developed from a passion for motorsport and innovative engineering into a driving force in the Group’s performance engineering.Mercedes-Benz is owned by the German company Daimler AG, an automaker who produces a wide variety of upscale, luxurious vehicles such as buses, motorcycles, and cars.Built to become a legend: the Mercedes-AMG ONE. The most extraordinary, contemporary, road-legal racing car to emerge from Affalterbach. Inspired by Formula 1, peppered with superlatives, made for the road.AMG® started as an independent performance and tuning company focused on modifying Mercedes-Benz vehicles specifically for racing. Over the years, it evolved into a wholly owned subsidiary of Mercedes-Benz, specializing in creating some of the world’s most powerful and luxurious performance cars.
Who is the team principal of Mercedes-AMG Petronas?
Toto Wolff is Team Principal & CEO of the Mercedes-AMG PETRONAS F1 Team. He is the managing partner of the team alongside wider responsibilities as Head of Mercedes-Benz Motorsport. Toto Wolff is the richest F1 team principal on the 2025 grid. In April 2023, Forbes listed the Mercedes CEO and team principal as having become a billionaire, making it onto the official Sports Billionaires list for the first time.
Who owns the Mercedes-AMG PETRONAS F1 Team?
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. Following the purchase of the team, as well as a sponsorship deal with Petronas, the team was rebranded as Mercedes GP Petronas Formula One Team, and Mercedes would now compete in the constructors’ championship for the first time.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.
How much did PETRONAS pay Mercedes?
The partnership, which began upon Mercedes’ entry into Formula One in 2010, will also expand to include a greater focus on new sustainable technology solutions beyond the racetrack. It has been previously reported by Forbes that the agreement is worth US$75 million. Broadcasting Revenue: F1 is televised in over 180 countries, contributing significantly to its status as one of the richest sports in the world. Sponsorships: Brands like Rolex and Red Bull bring in substantial revenue. Race Hosting Fees: Cities like Monaco and Singapore pay millions to host events.Forbes estimates that at least ten billionaires, worth a collective $146 billion, are involved in F1 as of the 2021 season. Here’s a look at the sport’s wealthiest team owners, sponsors and other figures.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.