McLaren Group boss Ron Dennis has insisted its revised Formula One deal with Mercedes will make the company stronger.
Mercedes-Benz announced on Monday that it was to focus its efforts on Brawn GP , bringing an end to what had been an exclusive tie-up with McLaren. Merecdes will continue to supply engines to McLaren until at least 2015, however.
However, Dennis believes that the benefits of being free to run its own car company, McLaren Automotive, will actually be a help to its F1 efforts.
"This is a win-win situation, for both McLaren and Daimler," said Dennis, who is chairman of McLaren Automotive and a founding shareholder in the McLaren Group.
"I've often stated that it's my belief that, in order to survive and thrive in 21st-century Formula One, a team must become much more than merely a team.
"That being the case, in order to develop and sustain the revenue streams required to compete and win grands prix and world championships, companies that run Formula One teams must broaden the scope of their commercial activities.
"Nonetheless, all of our partners will of course continue to play a crucial role in our Formula One programme. For that reason, and because the engines they produce are very competitive, we're delighted that Mercedes-Benz has committed to continue not only as an engine supplier but also as a partner of ours until 2015 – and perhaps thereafter."