Formula 1
McLaren announces Mecedes engines
Official statement from McLaren International: Woking (UK), October 28, 1994 -- McLaren International and Mercedes-Benz today announced at a joint press conference in Stuttgart (Germany) that the two companies have signed a far-reaching and ...
Edited: May 8, 2001, 12:19 PM
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Official statement from McLaren International: Woking (UK), October 28, 1994 --
McLaren International and Mercedes-Benz today announced at a joint press conference in Stuttgart (Germany) that the two companies have signed a far-reaching and historic agreement.
McLaren and Mercedes will compete together in the 1995 FIA Formula One World Championship and will continue this partnership for a number of years to come. The new team will be known as Marlboro McLaren Mercedes. The fuel and lubricants will be supplied by the Mobil Oil Corporation.
This agreement with Mercedes-Benz, one of the most prestigious manufacturers in the history of motoring and indeed motor racing, is part of a long-term strategy by the TAG McLaren Group to expand its engineering and electronic-based activity beyond Formula One, where McLaren International, the racing team, has an extraordinary record of achievement, winning seven Drivers' Championships and six Constructors' titles in ten years.
The full extent of the plans to broaden the scope of the Group will be made clearer in the weeks and months to come by Ron Dennis and Mansour Ojjeh, respectively Managing Director and Chairman of the TAG McLaren Group. What can be anticipated is that the entire Group will be relocating to new corporate headquarters designed specifically for the Group's needs.
"An excellent working environment is fundamental to a company like McLaren," said Mr. Dennis. "Our new purpose-built site in the south of England will act as the springboard for the Group's expansion into a multi-faceted and very advanced range of automotive related activities."
The expansion by McLaren will not affect the equity of the company, which is held by Mr. Dennis and Mr. Ojjeh. Contrary to what has been speculated in the international media, the finances of the Group are extremely buoyant.
"In 1994 our financial performance will be the best we have ever achieved since 1984 when Ron and I joined forces," said Mr. Ojjeh. "We are entering into an agreement with Mercedes-Benz from a position of great strength. Ron and I are keen racers, but, first and foremost, we are businessmen. We are proud of what we have achieved at McLaren and we look forward to the future with delight."
The future for McLaren will not include Peugeot, this year's engine suppliers and a company McLaren have parted with on excellent terms. We wish to thank them for the significant results we achieved together this season.
McLaren International has also signed a long-term partnership with the Mobil Oil Corporation, commencing January 1st 1995, to act as technical and commercial sponsor of Marlboro McLaren Mercedes and to be the exclusive supplier of fuel and lubricants to the team. Mobil has a long record of success in Formula One with 45 Grand Prix wins to their credit.
McLaren wishes to extend its grateful appreciation to all the staff at Shell who for so mnany years have worked so hard to make us the most succesful constructor and fuel supplier partnership in the last decade of Formula One motor racing."ends
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