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Staying in F1 'worthwhile' says Mercedes CEO

Nov.15 Mercedes looks set to stay in Formula 1 in 2021 and beyond. 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, Mercedes-Benz CEO Ola 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, he said: "We have won the world championship six times in a...
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