Affalterbach. The Mercedes-AMG Project ONE is loaded for transport to the International Automobil Ausstellung (IAA) in Frankfurt. The presentation of the show car at the Mercedes-Benz Media Night on the eve of the IAA is the highlight of AMG’s 50-year anniversary. The Mercedes-AMG Project ONE is the most ambitious project the performance and sports car brand has ever planned. The hybrid engine from Formula 1 and the electrified front axle provide a fascinating combination of performance and efficiency.