News Details

Mercedes parent company refutes ‘unfounded' speculation over its Formula 1 future

Mercedes parent company Daimler AG has issued a statement refuting claims it is poised to quit Formula 1, or scale back its operation. Recent rumours have hinted that Mercedes could either pull the plug on its F1 operation or seek to sell a major stake and scale back its involvement, whilst team boss Toto Wolff's future remains uncertain. A report in German media this week even suggested the team could be sold to Lawrence Stroll, who recently took control of Racing Point and invested in Aston Martin. ADVERTISEMENT On Friday a Daimler AG spokesperson issued a statement describing the rumours as 'unfounded and irresponsible' and said the German automotive giant remains committed to F1...
Full Story »
Share

You May Also Be Interested In...

Minardi: Mercedes ready to sell the team

Mercedes are rumoured to be actively shopping their Formula 1 team to...
3y ago from GrandPrix247.com

Mercedes responds to F1 exit reports

Mercedes' parent company, Daimler, has denied it is planning to quit...
3y ago from espnF1.com

F1 working with government to seek quarantine exemption

Formula 1 is continuing to work with the UK government in order to seek a...
3y ago from MotorsportWeek.com

McLaren axes 1200 jobs in company restructure

McLaren will lay-off 1200 of its staff across its automotive,...
3y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

F1 owner Liberty Media set to finalise purchase of...

Formula 1 owner Liberty Media are in talks to buy Madrid-based company...

Popular On IndyCarToday.com

Rosenqvist: Confidence within MSR growing with every...

Felix Rosenqvist has started off his time with Meyer Shank Racing on a...

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal and Manchester United keen on French defensive...

Arsenal and Manchester United are always on the lookout for prospects who...
48m ago from CaughtOffside.com

Green Gooners: Rice, Jesus and Jorginho take on top...

Declan Rice, Gabriel Jesus and Jorginho take part in a Top Bins Challenge...
1h ago from SkySports.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.