News Details

Mercedes offered to cover half German GP losses

Mercedes-Benz, owner of the Mercedes AMG F1 Team, offered to cover half the losses sustained by the organiser of the German Grand Prix in a bid to rescue the event. The car giant also offered to promote the race, which would have cut the losses by a substantial sum, according to the Observer newspaper. "The organisation of the race calendar and of individual events is a matter for the FIA, the commercial rights holder and the individual promoters," a spokesman from Mercedes-Benz told the newspaper. "In principle, we do not believe it is the job of the competing teams to provide financial support for individual events and we do not believe this is a sustainable model for the...
Full Story »
Share

You May Also Be Interested In...

German GP officially dropped from 2015 calendar

The German Grand Prix has officially been dropped from the Formula 1...
9y ago from GrandPrixTimes.com

Mercedes made cash offer to help save German GP

Car giant Mercedes-Benz tried to help save the German Grand Prix with an...
9y ago from Crash.net

German GP in doubt as Hockenheim withdraws offer

There will be no German Grand Prix this year, that's what Hockenheim...
9y ago from GrandPrixTimes.com

FIA confirmed 19 races 2015 F1 calendar

Finally FIA has removed German Grand Prix from the 2015 calendar.It means...
9y ago from ThisIsF1.com

Elsewhere On The Network

Popular On MGPToday.com

Barcelona to remain on MotoGP calendar until 2031

The Circuit de Barcelona-Catalunya has signed a new deal with Dorna to...

Marc Marquez tops final MotoGP pre-season test at...

Marc Marquez finished the final day of the Buriram MotoGP pre-season test...
10h ago from MotorsportWeek.c...

Ducati announces decision to use 2024 engine for all...

Ducati team manager Davide Tardozzi has confirmed all six of its bikes...
11h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Doug Boles named IndyCar President in leadership...

The NTT IndyCar Series announced on Tuesday morning that longtime...

Andretti Global shows off new liveries for 2025...

Andretti Global has revealed a trio of new liveries for the team’s cars...

Power sets goal of five move competitive years in...

Will Power is one of the NTT IndyCar Series’ longest tenured drivers,...

Popular On TotalWRC.com

Elfyn Evans leads Rally Sweden after Umeå sprint

In spite of running first on the road, Elfyn Evans and Scott Martin took...

Popular On GunnersToday.com

Premier League GW25 predictions: Man United to...

Sports Mole takes on frontman of UK rock band HIMALAYAS Joe Williams for a...
2h ago from SportsMole.co.uk

Real Madrid's centre-back hunt 'could lead to them...

Real Madrid are reportedly interested in signing Wolfsburg centre-back...
5h ago from SportsMole.co.uk

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.