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China now owns part of Mercedes

Discussion in 'F1' started by Tifosi Ferrari, Feb 23, 2018.

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  1. Tifosi Ferrari

    Tifosi Ferrari Formula Junior

    Apr 28, 2017
    410
    #1 Tifosi Ferrari, Feb 23, 2018
  2. TheMayor

    TheMayor Ten Time F1 World Champ
    Rossa Subscribed

    Feb 11, 2008
    106,086
    Vegas baby
    #2 TheMayor, Feb 23, 2018
    Year of the Dog? :)
     
    Bas and Tifosi Ferrari like this.
  3. Tifosi Ferrari

    Tifosi Ferrari Formula Junior

    Apr 28, 2017
    410
    #3 Tifosi Ferrari, Feb 23, 2018
    They just said they have the largest shareholder now over the brand so let's see.
     
  4. mcimino

    mcimino Formula 3

    Oct 5, 2007
    2,275
    Long Island, NY
    #4 mcimino, Feb 23, 2018
    Mmmm...maybe they'll replace Hammie with Wu Dajing. :D
     
  5. vinuneuro

    vinuneuro F1 Rookie

    May 6, 2007
    2,574
    Chicago
    Full Name:
    Vig
    #5 vinuneuro, Feb 23, 2018
    Volvo, Jaguar, Land Rover are all producing fantastic cars since they were bought by the asian companies like Geely and Tata. This is only a minority stake, but it can only be a good thing.

    From the comments "Just in time to pay the diesel scam fines" :D
     
  6. Tifosi Ferrari

    Tifosi Ferrari Formula Junior

    Apr 28, 2017
    410
    #6 Tifosi Ferrari, Feb 24, 2018
    Wouldn't those amount of shares be technically called majority since they have the largest shareholder of the company? I know that majority should more than 66%, but still they did say the have the most shares in the company.
     
  7. ago car nut

    ago car nut F1 Veteran
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    Madison Ohio
    Full Name:
    David A.
    #7 ago car nut, Feb 24, 2018
    I didn't know Mercedes had diesel fine problems like VW?
     
  8. 4rePhill

    4rePhill F1 Veteran

    Oct 18, 2009
    8,254
    Worcester, England
    Full Name:
    Phill J
    #8 4rePhill, Feb 24, 2018

    They haven't - Someone was obviously trying to be clever and missed by the proverbial country mile!
     
  9. BMW.SauberF1Team

    BMW.SauberF1Team F1 World Champ

    Dec 4, 2004
    14,428
    FL
    #9 BMW.SauberF1Team, Feb 24, 2018
    Maybe they will learn from Aabar's mistakes when they had a 9% stake in Daimler and lost money on the deal while the stock actually went up through derivatives: https://www.reuters.com/article/us-abudhabi-daimler-stake/exclusive-derivatives-led-to-aabar-ditching-daimler-stake-sources-idUSBRE89E0V420121015

    They got out of their stake in the Mercedes F1 team (40% ownership?) at the end of 2012 just before they went on their F1 winning streak and Niki got in with 10% after that when he jointed and Toto got in with his 30% stake a few months after in early 2013.
     

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