Daimler AG, through its Mercedes-Benz brand, has been involved in Formula One as both team owner and engine manufacturer for various periods since 1954. Their currently owned team operates under the name of Mercedes-AMG Petronas F1 Team, and is based in Brackley, England, using a German licence. Mercedes-branded teams are often referred to by their nickname, the "Silver Arrows".
Before the Second World War Mercedes-Benz competed in the European Championship, winning three titles. The marque debuted in Formula One in 1954. After winning their first race at the 1954 French Grand Prix, driver Juan Manuel Fangio won another three Grands Prix to win the 1954 Drivers' Championship and repeated this success in 1955. Despite winning two Drivers' Championships, Mercedes-Benz withdrew from motor racing after 1955 in response to the 1955 Le Mans disaster.
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