News Details
Mercedes is committed to F1, insists Kallenius
Daimler CEO, Ola Kallenius says that Mercedes is committed to F1, but warns that along with costs the sport's environmental impact must be reduced. 'We have as little reason to step out of Formula One as Bayern Munich has to step out of football,' he said during a virtual roundtable discussion with journalists. 'The net financial impact will be halved in the next three years,' he continued, referring to the budget cap which is introduced next year. 'We have an even more aggressive cost reduction target in Formula One than for the rest of the company.' At a time Mercedes is witnessing increased sales of its electric and hybrid vehicles, he said that the company is 'within striking distance'...
Full Story »
Full Story »
4y ago from Pitpass.com
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...
4y ago from GrandPrix247.com
Daimler: 'No reason why we should leave F1'
It was indirectly announced last week that Mercedes would not leave...
4y 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...
4y ago from PlanetF1.com
Hamilton condemns F1's plans for new Rio circuit amid...
Mercedes driver Lewis Hamilton has condemned the proposed construction of...
4y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Marquez on his toughest challenge, not dwelling on...
No description available...
8h ago from Motorsport.com
Five things we've learned from MotoGP so far in 2025
The MotoGP championship has already seen several twists and turns after...
10h ago from MotorsportWeek.c...
Quartararo won't tweak Yamaha bike in Qatar, will lean...
No description available...
11h ago from Motorsport.com
Martin gets medical clearance for MotoGP Qatar GP
No description available...
12h ago from Motorsport.com
Popular On IndyCarToday.com
Iowa Speedway’s IndyCar weekend gains new sponsorship
Iowa Speedway has announced a new title partner for the 2025 IndyCar...
9h ago from MotorsportWeek.c...
Long Beach weekend ‘crucial’ for Kyle Kirkwood’s...
Kyle Kirkwood is returning to the scene of his first IndyCar win this...
2d ago from MotorsportWeek.c...
Indy 500 veteran and NASCAR team owner Shigeaki...
Shigeaki Hattori, a two-time competitor in the Indianapolis 500 and...
3d ago from MotorsportWeek.c...
Renovated IMS museum reopens with all-new displays
The Indianapolis Motor Speedway Museum reopened on Wednesday following a...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Details of WRC’s first rally in Paraguay emerge
No description available...
2d ago from Motorsport.com
Outback diplomacy: Finnish ambassador braves...
o Haapea hopes to raise $30,000 for cancer research as he navigates the...
5d ago from TheGuardian.com
Popular On GunnersToday.com
'They played with a real authority' - Rio Ferdinand...
Former Manchester United defender Rio Ferdinand has backed PSG to win the...
30m ago from SportsKeeda.com
Champions League review: Kane v Martínez and Rice’s...
quarter-finals got going with some sparkling highlights. We hand out...
6h ago from TheGuardian.com
Rivaldo predicts UEFA Champions League finalists,...
Former Barcelona midfielder Rivaldo has predicted a UEFA Champions League...
6h ago from SportsKeeda.com
Arsenal vs Brentford Prediction and Betting Tips |...
The Premier League is back in action with another set of matches this...
6h ago from SportsKeeda.com
Comments
Hottest News
Colapinto survives big scare in private Alpine test
Franco Colapinto has narrowly avoided suffering a... Read More »
4h ago from GPFans.com
Official Jack Doohan statement issued as Alpine driver...
The team principal of Alpine Formula 1 team has... Read More »
1h ago from GPFans.com
Charles Leclerc takes new direction amid Ferrari...
Charles Leclerc is set to go his own way with... Read More »
15h ago from MotorsportWeek.com
