MERCEDES-Benz will head up their own Formula One team next season after taking a 75.1% share in Brawn GP, the British-based constructors have confirmed.

MERCEDES-Benz will head up their own Formula One team next season after taking a 75.1% share in Brawn GP, the British-based constructors have confirmed.

Mercedes engines powered Brawn's Jenson Button to the world championship in the recently-completed season and the team also claimed the constructors' championship, while Lewis Hamilton, Button's predecessor as world champion, was also sitting behind a Mercedes engine in his McLaren.

Ross Brawn will remain as team principal for the new team, which will be called Mercedes Grand Prix.