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Mercedes move for Wolff, Lauda becomes shareholder

Mercedes has confirmed that Toto Wolff has become a new shareholder and executive director of the team. Mercedes has also confirmed that Niki Lauda, also acquires a stake in the team. A statement released says ‘Together with Ross Brawn, Lauda and Wolff will complete the management of the Mercedes-Benz Formula 1 racing team.' 'As an entrepreneur, investor and motorsport manager, Toto Wolff has proven that this sport runs in his blood; at the same time, he is also well aware of the economic necessities of the business,' said Dr. Dieter Zetsche, Head of Mercedes-Benz Cars and Chairman of the Board of Management of Daimler AG. 'With Toto Wolff, we have gained for our Formula 1 team not...
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