News Details
Daimler To ‘Aggressively' Cut Mercedes F1 Team’s Budget
Daimler CEO Ola Kaellenius has announced that they are planning to slash the budget of the Mercedes F1 Team, but he reaffirmed their commitment to Formula One. Speaking at a virtual roundtable event with reporters earlier this week, the CEO of the Mercedes F1 Team’s parent company said: “We have as little reason to step out of Formula One as Bayern Munich has to step out of football.” READ: Pierre Gasly Looking To Replace Esteban Ocon At Renault Continuing, he said: “The net financial impact [of competing in F1] will be halved in the next three years. We have an even more aggressive cost reduction target in Formula One than for the rest of the company.” A $145 million budget cap...
Full Story »
Full Story »
4y ago from Formula1News.co.uk
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
Mercedes boss reaffirms F1 commitment
Lewis Hamilton Mercedes is committed to Formula 1 according to Daimler...
4y ago from SpeedCafe.com
Elsewhere On The Network
Popular On MGPToday.com
Fabio Quartararo bemoans Yamaha’s ‘zero...
Fabio Quartararo admits his Yamaha currently has “zero potential”...
1h ago from MotorsportWeek.c...
German GP signs deal to remain on MotoGP calendar...
The organisers of the German GP have announced that the race will remain...
2h ago from MotorsportWeek.c...
Marc Marquez: ‘I prefer to be pessimistic’ about...
Marc Marquez admits he prefers to be “pessimistic” over his chances...
1d ago from MotorsportWeek.c...
The winners and losers from MotoGP's German Grand Prix
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Alex Palou opens ‘all the options’ in Ganassi’s...
Alex Palou won his seventh IndyCar race of the season on Sunday,...
18h ago from MotorsportWeek.c...
Juncos Racing truck catches fire on the way back from...
No description available...
18h ago from Motorsport.com
Linus Lundqvist on standby if Nolan Siegel cannot race...
Arrow McLaren announced on Monday that Linus Lundqvist will be with the...
18h ago from MotorsportWeek.c...
Mixed Iowa fortunes eliminates Team Penske from...
Team Penske showed flashes of domination in the two races from Iowa...
21h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Ferrari to test rear suspension update at Mugello F1...
No description available...
1h ago from Motorsport.com
Did Silverstone F1 loss show the real Oscar Piastri?
No description available...
3h ago from Motorsport.com
The key factor in Lexus’ maiden WEC victory at Sao...
No description available...
4h ago from Motorsport.com
Rajah Caruth and Jake Finch secure rides for Dover...
No description available...
16h ago from Motorsport.com
Popular On GunnersToday.com
“Viktor Gyokeres is at a big club already” - Roy...
Former Crystal Palace manager Roy Hodgson has hailed Viktor Gyokeres ahead...
1h ago from SportsKeeda.com
Arsenal 'keeping a close eye' on 24-year-old versatile...
Real Madrid attacker Rodrygo Goes has been linked with a move away from...
2h ago from CaughtOffside.com
Arsenal set to face competition from Bayern Munich in...
Arsenal have been credited with interest in Crystal Palace attacker...
3h ago from SportsKeeda.com
Arsenal target spotted at airport ahead of rumored...
Valencia's Cristhian Mosquera is one of the players who has been linked...
2h ago from SportsKeeda.com
Comments
Hottest News
Verstappen insider says Mercedes deal ‘just missing final...
The swirling speculation around Max... Read More »
2h ago from F1i.com
F1 News Today: Shock Aston Martin exit to open door for...
George Russell's long-term F1 future with... Read More »
7h ago from GPFans.com
F1 News Today: Shock Aston Martin exit to open door for...
George Russell's long-term F1 future with... Read More »
3h ago from GPFans.com
