Mercedes buyout of McLaren looks likely - Mercedes Benz SLK Forum

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#1 Old 12-16-2006
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Mercedes buyout of McLaren looks likely

Great News for MB Fans

Mercedes buyout of McLaren looks likely

Rumors are again swirling about a possible buyout of the McLaren Group by DaimlerChrysler's Mercedes-Benz. Mercedes acquired a 40 percent stake in the company in 1999, and was rumored to be considering a complete buyout this summer. Speculation subsided over the past few months, but a new round of media reports citing credible sources indicate a deal is near.

When asked if a deal was in the works, founder Ron Dennis said he was open to the possibility. "If an opportunity presents itself and can make McLaren better, it is supported by its management and I embrace it," he told Motorsport News magazine.

Dennis hinted McLaren and Mercedes might also be working on new projects outside of motorsports. "We have some really exciting programs outside our formula one team and want the company to grow," he said. The companies previously collaborated on the Mercedes McLaren SLR, and are rumored to be working on a successor.

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