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Toto Wolff & Niki Lauda sign new Mercedes deals until 2020
Mercedes Formula 1 boss Toto Wolff and non-executive chairman Niki Lauda have signed new deals to stay with the team until the end of 2020. Their new contracts coincide with the duration of Mercedes' own current commitment to F1. In common with the rest of the teams, Mercedes will begin negotiations for beyond 2020 with new owner Liberty Media during this year. Wolff retains his 30% shareholding in the team and Lauda his 10% stake. Team boss Wolff joined Mercedes from Williams in February 2013, and Lauda took up his position in late 2012. The deals conclude a busy winter of off-track activity for Mercedes, who have dominated the sport since the advent of turbo hybrid engines in 2014 with...
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8y ago from BBC.co.uk
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