DaimlerChrysler to secure long term F1

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Steven
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Joined: 19 Aug 2002, 18:32
Location: Belgium

DaimlerChrysler to secure long term F1

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Car manufacturer DaimlerChrysler announced on Friday that they have raised their current holding of 25% to 55%, making them the effective owner as of the 31st of October this year. The remaining shares are dispersed three ways with Mario Illien, Liz Morgan, the widow of company co-founder Paul Morgan, and Roger Penske each holding 15 percent. The parties agreed not to disclose the price of the acquisition as it is not material in respect of DaimlerChrysler's financial position.

bizadfar
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Joined: 03 Jan 2007, 15:51

Re: DaimlerChrysler to secure long term F1

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[-X

lol. Be interesting what kind of internal structural changes be made in the future and the budget for each years (trend).

modbaraban
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Joined: 05 Apr 2007, 17:44
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Re: DaimlerChrysler to secure long term F1

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You mean... Daimler? These are two separate companies now.

rawstory.com

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rkn
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Joined: 26 Jun 2006, 09:58

Re: DaimlerChrysler to secure long term F1

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it's Illmor Engineering we're talking about right, not Mclaren?

bizadfar
bizadfar
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Joined: 03 Jan 2007, 15:51

Re: DaimlerChrysler to secure long term F1

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rkn wrote:it's Illmor Engineering we're talking about right, not Mclaren?
Sorry, my mistake. Seems like it. Engine development frozen anyway. Unless the rule is lifted by some bright minds in the FIA.

West
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Joined: 07 Jan 2004, 00:42
Location: San Diego, CA

Re: DaimlerChrysler to secure long term F1

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You do realize that he posted that about five years ago right
Bring back wider rear wings, V10s, and tobacco advertisements

modbaraban
modbaraban
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Joined: 05 Apr 2007, 17:44
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Re: DaimlerChrysler to secure long term F1

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West wrote:You do realize that he posted that about five years ago right
OMG! :shock: I didn't!

bizadfar
bizadfar
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Joined: 03 Jan 2007, 15:51

Re: DaimlerChrysler to secure long term F1

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lmao, no.

It was on the related topics thingy. Thought it would be recent.