News Details
Daimler to slash Mercedes' F1 budget
Oct.15 Daimler, the dominant Mercedes team's carmaker parent, intends to slash the amount of money it spends on Formula 1. It emerged recently that Mercedes spent a stagging $430 million to win last year's championships - with a $145 budget cap coming in for 2021. Daimler CEO Ola Kallenius has rejected rumours that Mercedes could be pulled out of the sport. "We have no more reason to retire from Formula 1 than Bayern Munich has to retire from football," he is quoted by TV6. "But the financial burden in the next three years will be halved. In this regard, we set ourselves more aggressive goals for Formula 1 than for other areas of the company," Kallenius added.
Full Story »
Full Story »
5y ago from OneStopStrategy.com
0
You May Also Be Interested In...
Daimler: 'No reason why we should leave F1'
It was indirectly announced last week that Mercedes would not leave...
5y ago from GPBlog.com
Kaellenius: Mercedes leaving F1 is like Bayern...
Mercedes owner Daimler is committed to Formula 1 but is working to slash...
5y ago from GrandPrix247.com
Mercedes ‘as stable in F1 as Bayern in football'
Ola Kallenius, CEO of Daimler, has insisted Mercedes are in Formula 1 for...
5y ago from PlanetF1.com
Mercedes boss reaffirms F1 commitment
Lewis Hamilton Mercedes is committed to Formula 1 according to Daimler...
5y ago from SpeedCafe.com
Elsewhere On The Network
Popular On MGPToday.com
Senior Honda MotoGP executive exits as HRC restructure...
No description available...
7h ago from Motorsport.com
All the records Marc Marquez can break in MotoGP 2026
No description available...
9h ago from Motorsport.com
MotoGP to set minimum salary for riders from 2027
No description available...
1d ago from Motorsport.com
Honda stuck at "similar potential" to 2025...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
PREMA confirmed to miss opening IndyCar round
PREMA will not be present for this weekend’s season-opening round of...
3h ago from MotorsportWeek.c...
Marcus Ericsson going into 2026 season with “chip on...
No description available...
3h ago from Motorsport.com
Ticket design for 110th Indianapolis 500 unveiled
The ticket design for this upcoming May’s 110th running of the...
3h ago from MotorsportWeek.c...
Ed Carpenter Racing enter technical partnership with...
No description available...
2h ago from Motorsport.com
Popular On TotalWRC.com
Acropolis Rally's Thursday parc ferme will be on a boat
No description available...
8h ago from Motorsport.com
Hyundai “realistic and optimistic” in mission to...
No description available...
1w ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
1w ago from Motorsport.com
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Pitch Points: Bodø/Glimt give us hope for the future;...
world of soccer throws up no shortage of questions. Today, Graham Ruthven...
1h ago from TheGuardian.com
Arsenal could renew interest in 250k-a-week 'machine',...
Leon Goretzka continues to be linked with a move away from Bayern Munich...
2h ago from CaughtOffside.com
Sources: Man City and Arsenal lead race for English...
Jack Hinshelwood’s rise at Brighton & Hove Albion has been one of the...
12h ago from CaughtOffside.com
You’re in the queue
Morning all, Andrew M is out of action today, so I’m on cover duty for...
12h ago from Arseblog.com
Comments
Hottest News
Is Honda really at fault? Adrian Newey could be the real...
The past week has been an unwelcome throwback to... Read More »
9h ago from GPFans.com
Christian Horner aims final gibe at Toto Wolff to end...
Christian Horner couldn't resist one final dig at... Read More »
2h ago from RacingNews365.com
Aston Martin handed 'no miracle cure' warning after Honda...
After days of investigation, RacingNews365... Read More »
1h ago from RacingNews365.com
