/ Mercedes-Benz, Motorsport, News / Daimler motorsport boss sells stake in Williams F1

Daimler motorsport boss sells stake in Williams F1

Linked In Share
Daimler motorsport boss sells stake in Williams F1

American company Vibra Healthcare, headed by US executive Brad Hollinger has acquired a 5% share stake of the Williams Formula 1 team that previously belonged to Mercedes-Benz motorsport boss Toto Wolff.

According to the Austrian executive, the chairman and chief executive of Vibra has also kept open the option to purchase more of the stake owned by Wolff, which aims to cease a conflict of interest.

“It was always the plan to reduce the shareholding in Williams towards a level that is clearly a financial investment,” said Wolff. “This was important to Daimler for conflict of interest reasons and for compliance reasons. But it was quite a task to find somebody who was good for the company, who was good for the family, and who had the spirit I had when I joined Williams as a financial investor,” he added.

Wolff was, until January last year, the executive director at Williams and his wife served as the team’s development driver – and after joining Mercedes-Benz, the ruling F1 team today, committed to selling his shares – with the provision of ding it only after finding somebody that Williams would accept.

Hollinger was quoted by the autosport.com as saying that he invested in the world of Formula One because he thought the racing series was “right on the cusp of another explosive growth path”.

Via Reuters

by Aurel Niculescu (my Google+) - Monday, June 23rd, 2014 - filed under Mercedes-Benz, Motorsport, News. Image credit: .
Linked In Share
Related Articles
f1 sale stake us Vibra Williams


Discuss: Daimler motorsport boss sells stake in Williams F1

Leave a Reply
















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

2015 BMW X5 M and X6 M order guide revealed
2015 BMW X5 M and X6 M order guide revealedBMW has revealed the order guide for the brand new X5 M and X6 M, over-seas. the new BMW X5 M and X6 M will be offered with the ...
Recall roundup: 2014-2015 Jaguar XJ for brake problems
Recall roundup: 2014-2015 Jaguar XJ for brake problemsThe hydraulic brakes of the Jaguar XJ have led to a recall announced by the British based automaker. The 2014-2015 model years ...
Recall roundup: MINI Cooper Hardtop for seat problems
Recall roundup: MINI Cooper Hardtop for seat problemsThe brand new MINI Cooper Hardtop is the subject of a recall which has been announced by the British based automaker, because of ...
2016 Skoda Superb – new teaser released
2016 Skoda Superb – new teaser releasedA new teaser with the upcoming generation of the Skoda Superb has been released recently by the Czech based automaker. The third ...
Recall roundup: Dodge Ram pickup trucks for rear axle problems
Recall roundup: Dodge Ram pickup trucks for rear axle problemsFiat Chrysler Automobiles has recently issued a massive recall for the Dodge Ram pickup trucks because of some problems spotted ...
Lamborghini Aventador Super Veloce caught on camera
Lamborghini Aventador Super Veloce caught on cameraFor the first time ever, the Lamborghini Aventador Super Veloce has been spied while it was being tested out. One hot version of ...
Is Chrysler going to keep up its sales streak in 2015?
Is Chrysler going to keep up its sales streak in 2015?The third largest US automaker, now officially called FCA US, after its parent company Fiat Chrysler automobiles, has been on a ...
Dodge Challenger SRT Hellcat gets severely crashed by owner
Dodge Challenger SRT Hellcat gets severely crashed by ownerThe proud owner of a brand new Dodge Challenger SRT Hellcat has managed to destroy his ride after pushing the throttle too hard ...
McLaren Sport Series goes drifting in third teaser
McLaren Sport Series goes drifting in third teaserThe upcoming entry-level supercar signed by McLaren, the so-called Sport Series, is smiling at us from a third teaser image, ...
Analyst opinions diverge on Tesla opportunities
Analyst opinions diverge on Tesla opportunitiesTesla Motors, the California based automaker that only produces luxury electrically-driven autos, has been the sweetheart of US ...
Lamborghini Murcielago SV
Lamborghini Murcielago SVA very rare example of the Lamborghini Murcielago Super Veloce has been involved in a serious crash in China, recently. Owning a ...
US: the end is nigh – cars that go out of production
US: the end is nigh – cars that go out of productionEach passing year is the same. Some US-sold cars and trucks will bite the dirt as they go out of production and take a long nap ...
U.S. – Volkswagen Golf R Launch Edition announced
U.S. – Volkswagen Golf R Launch Edition announcedVolkswagen has announced its plans to introduce the Golf R Launch Edition in the United States, where pre-orders for the first ...
[VIDEO] Ferrari collector picking up his brand new LaFerrari in Maranello
[VIDEO] Ferrari collector picking up his brand new LaFerrari in MaranelloPicking up your brand new car is something you remember for a lot of time but what if your brand new ride is a Ferrari LaFerrari ...
Aventador slides underneath GLK in China
Aventador slides underneath GLK in ChinaA Lamborghini Aventador has been crashed recently into a Mercedes-Benz GLK, in China, as the German vehicle was waiting for a ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

2015 dodge challenger srt hellcat crash
lamborghini aventador mercedes glk crash china 1
Alfa Romeo Giulietta Sprint 1
2016 audi r8 render 1
Mercedes-Benz S-Class by Brabus Red 1
2015 Audi RS5 Coupe Sport Edition 1
Lamborghini Aventador Pirelli Edition 1
Cadillac CTS-V 1
2015 Ford Mondeo Hybrid 01
Mazda_tokyo_salon
audi_sound_Q7
hyundai_infotainment_carplay_android_auto

More automotive from inautonews
BMW has revealed the order guide for the brand new X5 M and X6 M, over-seas. the new BMW X5 M and X6 M will be offered with the Driver Assistance Plus Package, adding the Active Driving Assistant, the Active Blind Spot Detection, the side and top cameras or the speed limit alerts for 1,900 USD. ...
read more
Inautonews Editors Section
2015 Ford Mondeo arrives in Romania – short test drive inside
2015 Ford Mondeo arrives in Romania – short test drive insideFord Romania has introduced the fifth generation of the Mondeo in Europe, over a 2-day event which has gotten us, automotive journalists, through all ...
Test Drive: Ford Fiesta ST
Test Drive: Ford Fiesta ST The current generation of the Ford Fiesta ST has been officially presented to the public back in March, 2012, during the Geneva Motor Show, and it ...
Test Drive: Renault Twizy – Back to basics
Test Drive: Renault Twizy – Back to basics Renault has been producing the Twizy for a couple of years now, in its Valladolid, Spain, facility but spotting one on European roads can turn out ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: 2014-2015 Jaguar XJ for brake problemsThe hydraulic brakes of the Jaguar XJ have led to a recall announced by the British based ... Recall roundup: MINI Cooper Hardtop for seat problemsThe brand new MINI Cooper Hardtop is the subject of a recall which has been announced by the ...
Safety Section