Plex
Zorce Jedi Master
Joined: 01 May 2005
Posts: 9039
Location: T&T
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 Posted: Tue Apr 03, 2007 8:55 pm Post subject: AMG motorsport division going public |
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When Mercedes-Benz bought out controlling interest in AMG in 1991, its founder Hans-Werner Aufrecht was allowed to set up a separate enterprise to continue its motor racing activities in cooperation with Mercedes-Benz. So the firm bearing his initials HWA was born, and they continue to field Mercedes AMG cars in the popular DTM touring car series and producing the Mercedes Formula 3 engine for purchase by private teams.
Aufrecht has remained at the helm of the company ever since, but pushing 68 as he is, HWA is looking towards the future. In order to raise funds to secure the company's continued viability, HWA is floating five million shares and searching for a successor to Aufrecht, having invited former Mercedes CEO Jurgen Hubbert to chair their board. All the common enthusiast sees is Mercedes taking checkered flags � the news gives us a rare glimpse into the inner workings of the Mercedes sphere and their racing activities.
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