The New Year marked a significant moment in the history of the McLaren team. Back in February 2000 DaimlerChrysler purchased 40 percent of the TAG McLaren Group, the parent company of the McLaren International Formula 1 team. Ron Dennis retained 30% of the shares and the TAG Group’s Mansour Ojjeh kept its 30 percent shareholding. Dennis and Ojjeh had an arrangement to always vote together and so they retained control, but it looked at the time as though the Germans were lining things up so that they could one day make McLaren a Mercedes brand (this being the primary automobile brand of the DaimlerChrysler empire). That never happened and with the realisation that things were not going to change different strategies were adopted. Dennis and TAG each sold half of their remaining shares to the Bahrain government’s Mumtalakat Holding in 2007, but they retained control with a covenant between them to vote together. Mercedes bought into AMG and then established their own F1 team by buying Brawn GP in 2009, while McLaren began planning its own luxury sports car. The McLaren F1 team continued to use Mercedes engines. In the course of last two years, however, McLaren has been buying back the Mercedes shares, with the final result being that Mumtalakat has increased its shareholding by 20 percent to 50 percent, and Dennis and Ojjeh each adding 10 percent to their holdings. This means that McLaren and Mercedes are now entirely independent of one another, although the F1 engine supply continues. The difference is that in 2013 the team will have to pay for its engines, as Force India does. This explains why there have been rumours in recent months of McLaren scouting around for a new engine supplier for the future. The change of engine regulations, which is now programmed for the start of 2014 when a new formula will begin with the 2.4-litre V8 engines of today being replaced by 1.6 litre V6 turbos, with energy recovery systems and fuel flow restrictions. It is anticipated that a new engine partner will be found for 2014. Logically, the company should perhaps be building its own F1 engines, just as it is now building its own road car engines, but the team says that the investment required to build an F1 engine is too great for a car company with its limited production runs. In all probability there will eventually be McLaren F1 engines, but not in the immediate future.