Mercedes-Benz 2010 Silver Arrows Formula One Team Hires Michael Schumacher

It has been confirmed that seven-times Formula One World Champion Michael Schumacher will make his racing return in 2010 with the Silver Arrows team. The full press release and a video interview with Schumacher is below:

Formula One 2010 Mercedes-Benz Michael SchumackerAMG Market News/Press Release from Stuttgart/Brackley – The MERCEDES GP PETRONAS Formula One Team can confirm that seven-times Formula One World Champion Michael Schumacher will make his racing return in 2010 with the Silver Arrows team. With seven Drivers’ World Championships, 248 Grand Prix starts, 91 victories, 154 podium finishes and 68 pole positions, the 40-year old German needs no introduction following an illustrious and record-breaking Formula One career from 1991 to 2006 at the Jordan, Benetton and Ferrari teams. Michael’s return to racing with MERCEDES GP PETRONAS sees his return to Mercedes-Benz Motorsport where he began his racing apprenticeship as part of the Junior Programme in 1990, racing in Group C sports cars and DTM, and sees Michael renew his partnership with Ross Brawn with whom he won all seven of his World Championships. The announcement confirms the MERCEDES GP PETRONAS driver line-up for the 2010 season with Michael partnering his compatriot, 24 year old Nico Rosberg, in the Silver Arrows cars. Read more about Mercedes-Benz 2010 Silver Arrows Formula One Team Hires Michael Schumacher

Mercedes-Benz: Formula 1 Team Announced

AMG Market News/Daimler Press Release – Stuttgart, Nov. 16: Mercedes-Benz will enter the Formula 1 World Championship with its own team, beginning with the 2010 season, and Daimler AG and McLaren Group will change their form of cooperation with effect as of 13 November 2009. This was announced by Daimler AG today.

2010_Formula1_mercedes_benz Daimler AG together with Aabar Investments PJSC will take over 75.1 per cent of the Brawn GP team, with Daimler taking 45.1 per cent and Aabar 30 per cent. The rest of the 24.9 per cent will remain with the current stakeholders. With 9.1 per cent, Aabar is the biggest single shareholder of Daimler AG. This transaction is subject to the approval of the EU and the Swiss cartel authorities.

The background to this decision are the new terms and conditions for Formula 1. The “Resource Restrictions” set by FOTA and FIA effectively limit expenditure for the design, construction and running of the racing cars. In addition, there will be a significantly higher income available for a Formula 1 team generated by the commercial rights of the racing series following the signing of the new Concorde Agreement.

The partnership between McLaren Mercedes has been in place since 1995 and ended its 15th joint Formula 1 season in 2009. The change to the form of cooperation is taking place by mutual agreement. Mercedes-Benz and McLaren will continue to co-operate with each other and the supply of engines could continue until 2015. Read more about Mercedes-Benz: Formula 1 Team Announced