Downsizing could make Mercedes race elsewhere to keep F1 staff

Mercedes Formula 1 team boss Toto Wolff has suggested that the marque may enter other categories of racing in order to utilise surplus resources after the cost cap is imposed in 2021.

Downsizing could make Mercedes race elsewhere to keep F1 staff

The cap has been reduced from the original $175m to $145m for 2021, before going down to $135m.

The top three teams now face the prospect of reducing their F1 head counts by well over three figures over that time.

Ferrari has already indicated that it may deploy staff in other racing programmes, and Wolff says that Mercedes may follow that strategy – and made it clear one of the reasons was to prevent a mass exodus of staff with inside knowledge of its technology.

Wolff also stressed that the cap ensured that F1 made more financial sense for the marque.

"First of all we're living in a financial reality that is very different to pre-COVID," said Wolff. "And we have accepted the lower budget cap and it is a must that successful F1 franchises earn money rather than lose money.

"For us it is also a way of making sure that Daimler not only appreciates the sporting and marketing benefits of the platform, but also to make it as cost neutral as possible. And I believe this is why we need to support such a cost cap.

"For us it means readjusting, it means changing the way we do things, and deploy personnel in new areas. We have a very strong department that is called Mercedes Benz Applied Science, where we work for high performance clients, and deploy our services.

"And who knows? Maybe we will look at other race categories in order to keep the resource, and keep the human resource and intellectual property, within Mercedes."

Read Also:

Wolff also dismissed continued speculation that the German manufacturer may quit it works support of F1 – and insists that racing is a "core exercise" to which the Stuttgart management remains committed.

"There's always some kind of campaign and agenda going on," he said. "I think it's clear that every automotive company faces difficult and insecure times.

"Every single day you open up a magazine, or a newspaper, it's about VW, or Renault or Fiat or Daimler. And in that respect, I completely understand that our sporting platform is being questioned.

"The top management of Mercedes very much sees Formula 1 as a core activity. We build road cars, and we build race cars. And actually the first ever car was a race car.

"And in that respect, we don't see it simply as a marketing platform that generates valuable marketing dollars, but we see it as a core exercise. There is a technology transfer between the road and Formula 1, and it's not being criticised within Daimler.

"Nevertheless, we discuss all our activities and all our investments every single year. And I think we're just a target of somebody that wants to create some headlines and then maybe have more clicks."

Read Also:

shares
comments
Wolff says Hamilton right to take a stand against racism

Previous article

Wolff says Hamilton right to take a stand against racism

Next article

Leclerc a mix of Raikkonen and Schumacher - Alfa

Leclerc a mix of Raikkonen and Schumacher - Alfa
Load comments
How Verstappen has become F1 champion material Prime

How Verstappen has become F1 champion material

As Red Bull and Honda go all-out for victory in the Japanese engine manufacturer’s last season of its latest Formula 1 dalliance, Max Verstappen finds himself thrust into a compelling title fight with Lewis Hamilton. He told OLEG KARPOV about his evolution into a world championship contender and why Red Bull's no compromise ethos suits him down to the ground

Why long-run times should please Red Bull in Austin F1 battle Prime

Why long-run times should please Red Bull in Austin F1 battle

Mercedes has been on a roll of late in the ultra-tight fight to win the 2021 Formula 1 world championship. It started off well in practice at Austin for this weekend’s US Grand Prix, but Red Bull got closer as Friday unfolded and even seemed to find an edge in one critical area of what seems set to be set to be another close contest.

The six critical factors that could hand F1 2021 glory to Hamilton or Verstappen Prime

The six critical factors that could hand F1 2021 glory to Hamilton or Verstappen

The 2021 Formula 1 title battle is finely poised with six races remaining, as just six points separate championship leader Max Verstappen from seven-time champion Lewis Hamilton. In such a closely-fought season, the outcome could hinge on several small factors playing the way of Red Bull or Mercedes

Formula 1
Oct 22, 2021
Can Whitmarsh appointment help Aston succeed where its F1 rivals failed? Prime

Can Whitmarsh appointment help Aston succeed where its F1 rivals failed?

Aston Martin owner Lawrence Stroll is determined to make the group a billion-dollar business. MARK GALLAGHER analyses his latest play – bringing former McLaren team principal Martin Whitmarsh into the fold

Formula 1
Oct 22, 2021
Remembering Switzerland’s first F1 winner Prime

Remembering Switzerland’s first F1 winner

Stepping up to F1 in 1962, Jo Siffert shone with Rob Walker Racing Team and BRM before his career was abruptly ended in a fatal crash at Brands Hatch in 1971. Kevin Turner looks back at the life of Switzerland's first F1 winner on the 50th anniversary of his death

Formula 1
Oct 21, 2021
What Verstappen is risking with his current stance on 2021 F1 world title defeat Prime

What Verstappen is risking with his current stance on 2021 F1 world title defeat

OPINION: Max Verstappen is back in the lead of the 2021 Formula 1 drivers’ championship, with the season’s final flyaway events set to get underway in the USA this weekend. But a defensive stance he’s recently adopted could have a lasting impact for the Red Bull driver when it comes to his chances of defeating Lewis Hamilton and Mercedes

Formula 1
Oct 21, 2021
The hidden Ferrari struggle that Sainz’s recent charge put to rest Prime

The hidden Ferrari struggle that Sainz’s recent charge put to rest

Despite appearing to adjust to life as a Ferrari driver with relative ease, it was far from straightforward under the surface for Carlos Sainz. But, having made breakthroughs in rather different routes at the Russian and Turkish races, he’s now targeting even greater feats for the rest of the Formula 1 season

Formula 1
Oct 20, 2021
The final throes of Brazil's fleetingly successful F1 team Prime

The final throes of Brazil's fleetingly successful F1 team

Emerson Fittipaldi is better remembered for his Formula 1 world championships and Indianapolis 500 successes than for the spell running his eponymous F1 team. Despite a hugely talented roll call of staff, it was a period of internal strife, limited funding and few results - as remembered by Tim Wright.

Formula 1
Oct 18, 2021