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
Maverick Vinales undergoes shoulder surgery to remove...
No description available...
1h ago from Motorsport.com
Which MotoGP riders will be allowed to test the 2027...
No description available...
6h ago from Motorsport.com
Why Toprak Razgatlioglu isn’t satisfied with his...
No description available...
8h ago from Motorsport.com
Francesco Bagnaia just trying to "survive"...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Fast-paced schedule proving beneficial for IndyCar’s...
The NTT IndyCar Series recently completed its fourth racing weekend in...
2h ago from MotorsportWeek.c...
Winners and losers from IndyCar at Barber Motorsports...
No description available...
1d ago from Motorsport.com
Mick Schumacher: “I thought I was ready — but I...
No description available...
2d ago from Motorsport.com
Christian Lundgaard left frustrated by costly pit stop...
Christian Lundgaard finished second in Sunday’s IndyCar race from...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Kalle Rovanpera returns to WRC with Subaru
Double WRC Champion Kalle Rovanpera is set to return to the WRC next year...
4h ago from MotorsportWeek.c...
Former FIA vice president and WRC boss Morrie Chandler...
No description available...
2d ago from Motorsport.com
Subaru teases new rally car for Japanese Championship
No description available...
6d ago from Motorsport.com
How Toyota’s new flying Finn is starting to make WRC...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal eye move for 40m-rated French attacker ahead...
Arsenal are interested in signing the French attacker Jean-Matteo Bahoya...
1h ago from CaughtOffside.com
Wayne Rooney sheds light on issues with Bukayo Saka as...
Manchester United legend Wayne Rooney believes Arsenal star Bukayo Saka...
3h ago from SportsKeeda.com
Arsenal and Man United battle for 'remarkable'...
Arsenal are interested in signing the Hertha BSC defensive midfielder...
3h ago from CaughtOffside.com
Arsenal make enquiry for 65 million wide man as...
Arsenal will continue to be linked with a move for Nathaniel Brown from...
3h ago from CaughtOffside.com
Comments
Hottest News
Williams sack James Vowles, sign Christian Horner and...
As many expected, James Vowles has been given his... Read More »
11h ago from GrandPrix247.com
FIA on alert over new Mercedes engine trick that has...
The FIA are understood to be looking at another... Read More »
27m ago from GPFans.com
Aston Martin deny 'peace' handshake with Honda
The heads of the Aston Martin and Honda F1... Read More »
1h ago from RacingNews365.com
