Brawn GP is now Mercedes GP

Mercedes-Benz has decided to sell it’s 40 per cent share of McLaren by 2011, and buys a majority 75.1 per cent stake in Brawn GP.

With that a name change is in order where Brawn GP will be called Mercedes GP from next season.

This will be the first time that Mercedes-Benz will have its own team since 1955.

So far the changes has not affect top-level staff, team principal Ross Brawn will still head the team, and Nick Fry is still CEO. Both of them holds the remaining stake in Brawn GP.

Driver wise Jenson Button is still playing the hard-to-get game, stalling on the Brawn GP offer of £8 million to drive next season.

Mercedes-Benz is owned by Daimler and its major stakeholder (Abu Dhabi’s Aabar Investments) and will continue selling its engines to McLaren Group until 2015.

The new Brawn GP, renamed Silver Arrow in honour of the 75th anniversary of the Benz Silver Arrow race cars, reports are saying that there’s interest to sign Williams’s Nico Rosberg for next year, and Red Bull’s Sebastian Vettel for 2012.