Mercedes has "clear intention" to remain in F1 under Wolff

Mercedes has made it clear that it fully plans to remain in Formula 1 as a 'works team' and will continue with current team principal Toto Wolff beyond 2020.

Mercedes has "clear intention" to remain in F1 under Wolff

The world champion outfit is contracted to race in F1 until the end of the 2020 season, but reports in Germany this week suggested that the car manufacturer was about to wind down its official involvement and sell shares to Aston Martin.

The stories also suggested that Wolff had decided to step down from his role as team principal after 2020 and take a non-executive role, similar to that previously held by Niki Lauda.

But Mercedes' parent company, Daimler, has hit back at those reports, dismissing them as speculation and stressing its intention to remain in F1 under Wolff.

Motorsport.com understands that Wolff has yet to decide exactly what role he will take in the future. Options could include continuing running the team like now, taking a more senior position and handing over to someone else, or beginning a transition phase to find a replacement.

While the specifics of that have not been finalised, there appears to be no doubt that, even if his responsibilities change, he will retain a senior executive position at the F1 team.

A statement from Mercedes said: "Speculation regarding a potential withdrawal from Formula 1 continues to be unfounded and irresponsible.

"The sport has taken the right measures to address the consequences of the COVID-19 pandemic and its future financial sustainability, and we welcome these steps.

"It is our clear intention to continue competing in Formula 1 as a Mercedes-Benz works team in the years to come, and to do so with our managing partner Toto Wolff."

Read Also:

Wolff's current contract as Mercedes' F1 team principal expires at the end of 2020, and he has been in talks with the Daimler board over a new deal. Moves to finalise the plan are not expected to be sorted until after the coronavirus pandemic has passed.

One possibility is for Wolff to remain as team principal but step back from such an intense schedule by not attending all races.

Wolff missed his first race in six years when he did not attend last year's Brazilian Grand Prix. His on-the-ground duties were taken over by technical director James Allison.

Wolff said the exercise was an "experiment" to see how he could cope with being away from the team if he decided to miss more races in the future.

Following news of a private investment he made in the Aston Martin road car company last month, Wolff stressed he remained committed to Mercedes' F1 project and that "nothing will change in the short-term".

Mercedes returned to F1 with a works team in 2010, and has gone on to win a record-breaking six consecutive drivers' and constructors' championship doubles since 2014.

The German manufacturer also supplies engines to the Racing Point and Williams teams, and will bring McLaren on board as a third customer team from 2021.

While manufacturers are braced for the economic impact of the COVID-19 pandemic, a raft of cost saving measures aimed at making F1 more sustainable will arrive in 2021.

shares
comments
When a red flag ruined a Monaco GP thriller
Previous article

When a red flag ruined a Monaco GP thriller

Next article

ROKiT "fully committed" to other partnerships

ROKiT "fully committed" to other partnerships
Load comments
The line Verstappen finally crossed in F1's first Jeddah race Prime

The line Verstappen finally crossed in F1's first Jeddah race

OPINION: Max Verstappen has made the 2021 Formula 1 championship. He’s taken the fight to the all-conquering Mercedes squad and its dominant champion, produced driving displays few can match. But he’s been on a controversial course too, and finally crossed a particular line in Jeddah

Why thrilling Jeddah F1 circuit needs to be safer Prime

Why thrilling Jeddah F1 circuit needs to be safer

OPINION: Saudi Arabia's new F1 circuit delivered a memorable first event, although not necessarily for all the right reasons. In the wake of the chaotic race, drivers voiced their concerns about the track but small changes could make significant improvements ahead of a return in four months.

The long-term F1 vision causing Haas’s short-term pain Prime

The long-term F1 vision causing Haas’s short-term pain

From ranking as one of the most impressive new teams to join the Formula 1 grid, Haas’s stock has plummeted along with its on-track performances over the past two seasons. Everything now hangs on whether its reforged alliance with Ferrari can deliver a better car – and whether its rookie drivers can set aside their quarrels. Oleg Karpov asks if any of these goals are achievable…

Saudi Arabian Grand Prix Driver Ratings Prime

Saudi Arabian Grand Prix Driver Ratings

An ill-tempered Saudi Grand Prix made Formula 1 more soap opera than sporting spectacle at times, but there were some strong performances up and down the field on the world championship's first visit to Jeddah

Formula 1
Dec 6, 2021
How the Jeddah F1 race became a one-sitting Netflix drama series Prime

How the Jeddah F1 race became a one-sitting Netflix drama series

The inaugural Saudi Arabian Grand Prix was a race packed full of incident as Formula 1 2021's title contenders repeatedly clashed on track. Lewis Hamilton won out over Max Verstappen to level the scores heading into next weekend's Abu Dhabi finale, as Jeddah turned F1 into a drama series

Formula 1
Dec 6, 2021
The impressive attitude that earned Albon his second F1 chance Prime

The impressive attitude that earned Albon his second F1 chance

Dropped by Red Bull last season, Alexander Albon has fought back into a Formula 1 seat with Williams. ALEX KALINAUCKAS explains what Albon has done to earn the place soon to be vacated by the highly rated George Russell

Formula 1
Dec 5, 2021
The factors that could negate Red Bull's practice gap to Mercedes Prime

The factors that could negate Red Bull's practice gap to Mercedes

Mercedes led the way in practice for Formula 1’s first race in Jeddah, where Red Bull was off the pace on both single-lap and long runs. But, if Max Verstappen can reverse the results on Saturday, factors familiar in motorsport’s main electric single-seater category could be decisive in another close battle with Lewis Hamilton...

Formula 1
Dec 4, 2021
Why Norris doesn’t expect Mr Nice Guy praise for much longer Prime

Why Norris doesn’t expect Mr Nice Guy praise for much longer

Earning praise from rivals has been a welcome sign that Lando Norris is becoming established among Formula 1's elite. But the McLaren driver is confident that his team's upward curve can put him in the mix to contend for titles in the future, when he's hoping the compliments will be replaced by being deemed an equal adversary

Formula 1
Dec 2, 2021