[6] An announcement was made in December 2020 that Ineos planned to take a one third equal ownership stake alongside the Mercedes-Benz Group and Toto Wolff;[7] this came into effect on 25 January 2022.
Both teams were heavily funded by the Nazi regime, winning all European Grand Prix Championships after 1934, of which Rudolf Caracciola won three for Mercedes-Benz.
[10] The car was run in both the conventional open-wheeled configuration and a streamlined form, which featured covered wheels and wider bodywork.
Juan Manuel Fangio, the 1951 champion, transferred mid-season from Maserati to Mercedes-Benz for their debut at the French Grand Prix on 4 July 1954.
Mercedes-Benz again dominated the season,[10] with Fangio taking four races, and his new teammate Stirling Moss winning the British Grand Prix.
The 1955 disaster at the 24 Hours of Le Mans on 11 June, which killed Mercedes-Benz sportscar driver Pierre Levegh and more than 80 spectators led to the cancellations of the French, German, Spanish, and Swiss Grands Prix.
[12] Before the start of the 2010 season Mercedes-Benz's parent company Daimler AG bought a minority stake (45.1%) in the Brawn GP team with Aabar Investments purchasing 30% on 16 November 2009.
Of Brawn's 2009 drivers, Jenson Button signed for McLaren, whilst Rubens Barrichello moved to Rosberg's former seat with Williams team for 2010.
Prior to the start of the 2011 season, Daimler and Aabar purchased the remaining 24.9% stake owned by the team management in February 2011.
[23] Using the new MGP W02, the Australian Grand Prix ended when Schumacher and Rosberg both retired due to crash damage on laps 19 and 22 respectively.
Gearbox issues stopped Schumacher from scoring at the Hungarian Grand Prix, but Rosberg managed to finish in ninth place.
In addition to joining the team as managing partner, he also acquired 30% of Mercedes-Benz Grand Prix Ltd, with a further 10% held by Niki Lauda, chairman of the board, and 60% by the parent company.
The following season on 26 May 2013, Nico Rosberg capitalised on a pole position to award the team its first win of 2013 at the Monaco Grand Prix.
[30] The team finished the 2014 season 296 points ahead of their closest rival Red Bull Racing in the World Constructors' Championship standings.
Mercedes continued their domination in this second year of the V6 turbo era, improving on their impressive numbers from 2014 with 18 pole positions, 16 wins and 12 1–2s in 19 races.
Rosberg won his only Drivers' Championship, finishing 5 points ahead of Hamilton, before announcing his retirement shortly after winning the title.
[36] On 10 January 2017, Mercedes announced that Executive Director Paddy Lowe had left the team, and entered a period of garden leave.
[37] On 16 January 2017, Valtteri Bottas was announced as Rosberg's replacement for the 2017 season[38] and British GP3 driver George Russell was incorporated into the junior team.
This made Mercedes only the second team in the history in F1 to achieve the feat of winning 5 drivers' and constructors' titles in a row, after Ferrari did so between 2000 and 2004.
[47] Before the penultimate round of the season, the 2020 Sakhir Grand Prix, Hamilton was forced to sit the race out following a positive coronavirus test, with Williams driver and Mercedes junior George Russell replacing him.
The team failed to win the drivers' championship for the first time in the V6 turbo-hybrid era, with Hamilton being overtaken by title rival Max Verstappen on the last lap of the season-ending Abu Dhabi Grand Prix after a controversial safety car restart.
Hamilton had comfortably led the race and been on course for his eighth title before a late safety car caused by Nicholas Latifi's crash on Turn 14.
[48] Hamilton finished second in the championship, eight points behind champion Verstappen, with Bottas third in the standings in his final season with the team.
[61][62] Russell achieved his first Formula One win, and Mercedes' first of the season, along with Hamilton coming in second, at the São Paulo Grand Prix.
The closest the team came to winning was at the United States Grand Prix where Hamilton finished 0.3 seconds behind World Champion Max Verstappen before he was disqualified for his rear skid blocks being worn below the limit.
The team admitted the W15 will have a completely different concept for the 2024 season with their intentions to be trying to catch up to pace setters Red Bull for their hope of claiming the championship or fighting for wins.
[67] In 2009, Mercedes also became suppliers of Brawn GP (later acquired to become the Mercedes-Benz factory team) and Force India, later known as Racing Point and eventually, Aston Martin F1.
In December 2009, the team suffered an early setback when it was discovered that a planned £80m sponsorship arrangement that had been signed by predecessor Brawn GP with Henkel in July was invalid.
Qualcomm, UBS, Epson, Bose & Hugo Boss were added as sponsors in 2015, while Wihuri joined Mercedes together with Bottas in 2017.
In 2018, Tommy Hilfiger took over from Hugo Boss as the team's clothing supplier with Hamilton becoming a brand ambassador for the company and participating in the #WhatsYourDrive Promotion.