News Details
Daimler To ‘Aggressively' Cut Mercedes F1 Team’s Budget
Daimler CEO Ola Kaellenius has announced that they are planning to slash the budget of the Mercedes F1 Team, but he reaffirmed their commitment to Formula One. Speaking at a virtual roundtable event with reporters earlier this week, the CEO of the Mercedes F1 Team’s parent company said: “We have as little reason to step out of Formula One as Bayern Munich has to step out of football.” READ: Pierre Gasly Looking To Replace Esteban Ocon At Renault Continuing, he said: “The net financial impact [of competing in F1] will be halved in the next three years. We have an even more aggressive cost reduction target in Formula One than for the rest of the company.” A $145 million budget cap...
Full Story »
Full Story »
5y ago from Formula1News.co.uk
0
You May Also Be Interested In...
Kaellenius: Mercedes leaving F1 is like Bayern...
Mercedes owner Daimler is committed to Formula 1 but is working to slash...
5y ago from GrandPrix247.com
Daimler: 'No reason why we should leave F1'
It was indirectly announced last week that Mercedes would not leave...
5y ago from GPBlog.com
Mercedes ‘as stable in F1 as Bayern in football'
Ola Kallenius, CEO of Daimler, has insisted Mercedes are in Formula 1 for...
5y ago from PlanetF1.com
Mercedes boss reaffirms F1 commitment
Lewis Hamilton Mercedes is committed to Formula 1 according to Daimler...
5y ago from SpeedCafe.com
Elsewhere On The Network
Popular On MGPToday.com
Honda’s Joan Mir believes Ducati has given rivals a...
No description available...
4h ago from Motorsport.com
How Ducati sent a warning to its MotoGP rivals at...
No description available...
8h ago from Motorsport.com
Pedro Acosta rates Sepang MotoGP test “six out of...
No description available...
9h ago from Motorsport.com
Popular On IndyCarToday.com
Arrow McLaren officially opens doors to new home in...
No description available...
21h ago from Motorsport.com
Zak Brown “would love” Indy 500 reunion with...
No description available...
1d ago from Motorsport.com
Arrow McLaren unveils liveries for 2026 IndyCar...
Arrow McLaren has taken the wraps off its trio of challengers for the...
1d ago from MotorsportWeek.c...
Mick Schumacher building confidence after first...
Mick Schumacher completed his first oval laps in an IndyCar on Wednesday...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Esapekka Lappi thought his WRC career was over, but...
No description available...
4h ago from Motorsport.com
Kalle Rovanpera co-driver Jonne Halttunen lands Toyota...
No description available...
1d ago from Motorsport.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
3d ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg continues domination...
No description available...
2w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal latest: Merson - Gunners players don't trust...
No description available...
38m ago from SkySports.com
Has the Premier League's TV Deal Made Mid-Table Clubs...
The Premier League’s 2025-29 deal was worth £6.7 billion. Have the vast...
3h ago from CaughtOffside.com
Liverpool and Arsenal step up move for 75m star as...
AZ Alkmaar midfielder Kees Smit has been the name on everyone's lips over...
2h ago from CaughtOffside.com
'6-7 it's what my kids show me!' | Arteta jokes as he...
Sky Sports' Gary Cotterill questions Arsenal manager Mikel Arteta on ten...
4h ago from SkySports.com
Comments
Hottest News
F1: Engine row reaching crisis point?
Before a wheel has turned in anger, the start of... Read More »
3h ago from Pitpass.com
Red Bull cuts ties with the last remnants of Christian...
Red Bull has made sweeping changes behind the... Read More »
1h ago from MotorsportWeek.com
McLaren explains why Mercedes has ‘raised the bar’ for...
Andrea Stella is not one for grand proclamations... Read More »
1h ago from F1i.com
