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 pushes for Yamaha V4, blames gap to...
No description available...
48m ago from Motorsport.com
Lap times revealed from Ducati's Balaton Park test...
No description available...
19h ago from Motorsport.com
Marc Marquez shares initial reaction to new MotoGP...
Marc Marquez shared his verdict on the new Balaton Park MotoGP circuit...
23h ago from MotorsportWeek.c...
What we know about Ducati’s Balaton Park test ahead...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Alex Palou claims FOX’s investment will be...
No description available...
1d ago from Motorsport.com
How Palou can clinch his fourth IndyCar championship...
Alex Palou is the man of the moment in IndyCar, and currently holds a 121...
1d ago from MotorsportWeek.c...
FOX Corporation acquires one-third stake in IndyCar...
No description available...
6d ago from Motorsport.com
Colton Herta: IndyCar at Laguna Seca is a...
IndyCar’s latest visit to Laguna Seca produced rave reviews from...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Future second Asian/Pacific event behind WRC calendar...
No description available...
2d ago from Motorsport.com
Sebastien Ogier sets sights on WRC 2025 title push
No description available...
3d ago from Motorsport.com
Kalle Rovanpera relieved to finally achieve...
No description available...
3d ago from Motorsport.com
WRC Rally Finland: Kalle Rovanpera takes historic home...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal plan attacker transfer approach and waiting...
Arsenal are reportedly planning to approach Crystal Palace over the...
2h ago from CaughtOffside.com
Episode 839 – 'It's only pre-season'
Welcome to another episode of the Arsecast – the Arsenal podcast. In...
1h ago from Arseblog.com
Nicolas Pepe shares 2-word message to describe...
Nicolas Pepe left a two-word response on his Instagram account to Arsenal...
1h ago from SportsKeeda.com
Joe Cole predicts Arsenal to finish 4th; Owen...
Former Premier League stars Joe Cole and Owen Hargreaves have predicted...
2h ago from SportsKeeda.com
Comments
Hottest News
Alex Albon reveals how F1 drivers can ‘abuse the...
Alex Albon has said that the smartest F1 drivers... Read More »
4h ago from MotorsportWeek.com
LIVE: Reaction as Norris denies rapid Piastri in late...
Follow all the action live from the 2025 F1... Read More »
1h ago from RacingNews365.com
Alpine deliver Franco Colapinto medical update after test...
Franco Colapinto is driving today for Alpine in... Read More »
1h ago from RacingNews365.com
