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Mercedes offered to cover half German GP losses
Mercedes-Benz, owner of the Mercedes AMG F1 Team, offered to cover half the losses sustained by the organiser of the German Grand Prix in a bid to rescue the event. The car giant also offered to promote the race, which would have cut the losses by a substantial sum, according to the Observer newspaper. "The organisation of the race calendar and of individual events is a matter for the FIA, the commercial rights holder and the individual promoters," a spokesman from Mercedes-Benz told the newspaper. "In principle, we do not believe it is the job of the competing teams to provide financial support for individual events and we do not believe this is a sustainable model for the...
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10y ago from GrandPrixTimes.com
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