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Mercedes F1 boss Toto Wolff takes a stake in Aston Martin

LONDON — Mercedes Formula One boss Toto Wolff has taken a stake in British sportscar maker Aston Martin, whose executive chairman Lawrence Stroll runs the Racing Point F1 team, according to company filings. A Mercedes F1 spokesman said Wolff's move was purely an investment on the Austrian's part and would be diluted by a rights issue on Monday from 4.77% to less than 1%. "Fully diluted following the pending rights issue, this investment will represent a 0.95% stake in the company," he added. "It is a financial investment and Toto's partnership and executive role with Mercedes are unaffected by the transaction." Swiss billionaire Ernesto Bertarelli has also bought a 3.38% stake which will be similarly diluted. Wolff previously had a 16% shareholding in former champions Williams but sold that after he joined the Mercedes team, where he serves as principal and owns 30%. Canadian billionaire Stroll, whose son Lance drives for Racing Point alongside Mexican Sergio Perez, is close to Wolff. The Silverstone-based team — to be renamed Aston Martin next year — use Mercedes engines and gearboxes. Mercedes-Benz's parent Daimler also has a small stake in Aston Martin. "It's clear that Aston are now Mercedes' B team," the Daily Mail quoted one Formula One insider as saying. Wolff's future at Mercedes has been the subject of some media speculation, with the 48-year-old linked variously to senior management roles with Liberty Media-owned Formula One and at Aston Martin. His Aston Martin shares were bought from Yew Tree Overseas Limited, a vehicle controlled by Stroll who acquired a roughly 25% percent holding in Aston Martin with a consortium of investors. Mercedes have won the past six Formula One drivers' and constructors' titles but have six times world champion Lewis Hamilton out of contract at the end of the 2020 season, which has yet to start due to the COVID-19 pandemic. Hamilton, who has also been linked to Ferrari, had told reporters before the global crisis changed the sporting and financial landscape that his decision would depend on Wolff's plans. The Briton is now expected to stay at Mercedes, with a radical overhaul of Formula One's sporting and technical regulations postponed to 2022. Related Video: Motorsports Aston Martin Mercedes-Benz

Mercedes-Benz recalls 3,800 total vehicles in two campaigns

Mercedes-Benz is recalling 3,813 vehicles in two campaigns in the US, and the affected models span the top and bottom of the brand's product range. The larger recall covers 2,956 examples of the 2014 S63 AMG sedan and 2015-2016 S63 AMG 4Matic sedan and coupe. According to the National Highway Traffic Safety Administration, a software error in the engine control unit can cause the high-performance luxury cars to stall when coasting to a stop. While this can initially appear to be normal operation of the stop/start system, the engine doesn't restart when the driver releases the brake pedal. Getting moving again involves shifting into neutral or park and going through the ignition process. The repair campaign will begin on December 8, and the models will need an update to the engine control unit software. This will also be the second recent recall for the 2015 S63 AMG 4Matic Coupe because another fix will replace their seatbelts. In a more complicated issue, Mercedes is recalling 857 examples of the 2015 CLA250, CLA250 4Matic, GLA250, GLA250 4Matic, and the 2016 SLK300 because a weld on the camshafts might be in the wrong place "due to a production deviation at a supplier." Potentially, the important parts could break and damage the engine. Beginning November 30, dealers will replace the affected camshafts as a precautionary measure. RECALL Subject : Engine Stall due to Engine Control Unit Software Report Receipt Date: OCT 14, 2015 NHTSA Campaign Number: 15V652000 Component(s): ELECTRICAL SYSTEM , FUEL SYSTEM, GASOLINE Potential Number of Units Affected: 2,956 All Products Associated with this Recall Vehicle Make Model Model Year(s) MERCEDES BENZ S63 AMG 2014 MERCEDES BENZ S63 AMG 4MATIC 2015-2016 Details Manufacturer: Mercedes-Benz USA, LLC. SUMMARY: Mercedes-Benz USA LLC (Mercedes-Benz) is recalling certain model year 2014 S63 AMG sedans and 2015-2016 S63 AMG 4Matic sedans and coupes manufactured May 14, 2013, to September 18, 2015. In the affected vehicles, due to a software error within the engine control unit, the vehicle may stall when coasting to a stop, such as at a traffic light. CONSEQUENCE: The vehicle stall may be interpreted by the driver to be a planned shut-down as part of the ECO-Start-function. However, the engine will not restart automatically after releasing the brake pedal, immobilizing the vehicle and increasing the risk of a crash.

Fast sedans and loose Tweets | Autoblog Podcast #555

On this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Associate Editor Reese Counts. Reese has been traveling a lot, and the two discuss his recent first drives of the 2019 Mercedes-AMG GT four-door and the 2019 Audi Q3. The pair also talk about the 2018 BMW X2 that's been in the office this week. Also on the agenda is the SEC's lawsuit against Elon Musk, Ola Kaellenius replacing Dieter Zetsche at Mercedes-Benz, Cadillac's move back to Detroit and the upcoming reveal of the 2019 BMW 3 Series at the Paris Motor Show.Autoblog Podcast #555 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown 2019 Mercedes-AMG GT four-door 2019 Audi Q3 2018 BMW X2 Elon Musk lawsuit New Mercedes-Benz CEO Cadillac is heading back to Detroit The new 3 Series debuts next week Feedback Email – Podcast@Autoblog.com Review the show on iTunes