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Mercedes says F1 quit reports 'simply wrong'
Jan.30 Mercedes has rejected British media reports that claim the German marque is set to quit Formula 1 as a works team at the end of 2020. It is claimed that amid new Daimler CEO Ola Kallenius' push to save a billion euros over the next three years, Mercedes will only remain in F1 as an engine manufacturer. The report said the bombshell news could be decided formally at a board meeting on February 12. The Brackley based operation could be taken over by team boss Toto Wolff and new Racing Point owner Lawrence Stroll, who would rename it Aston Martin. Stroll is said to be close to taking a $260 million stake in Aston Martin, the British luxury carmaker that currently sponsors Red Bull....
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4y ago from OneStopStrategy.com
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