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15 Aug 2006, 15:25 (Ref:1683325)
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Veteran
Join Date: Jan 2006
Posts: 575
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Mercedes to buy McLaren
This story or rumor has appeared on and off for a while. Mercedes Benz (DaimlerChrysler) owns 40% of McLaren in a 1999 deal. Ojjej and Dennis each own 30%, and are prohibited from selling independently. With McLaren's less than stellar performance with the company engines, there are noises in the system that Mercedes wants to buy the outstanding 60% of McLaren. As RD approaches 60, it could be a time for him to cash-out and retire.
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