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Mercedes: Formula 1 a very worthwhile investment
All-conquering Mercedes looks set to stay in Formula 1 in 2021 and beyond, with new CEO Ola Kallenius hailing the company's investment and success in the top flight. Team boss Toto Wolff had warned earlier this week that, given Mercedes' recent utter dominance of Formula 1 and the looming end of the Concorde Agreement, it is 'not a given' that the German marque will sign up for more. However, at an investor meeting in London, Kallenius suggested that the Brackley based team's parent company remains keen on F1. That is despite the fact that he also announced that Mercedes parent Daimler will make $1.5 billion in savings by implementing measures like job cuts. But when asked about Formula 1,...
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5y ago from GrandPrix247.com
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