News Details
Mercedes is committed to F1, insists Kallenius
Daimler CEO, Ola Kallenius says that Mercedes is committed to F1, but warns that along with costs the sport's environmental impact must be reduced. 'We have as little reason to step out of Formula One as Bayern Munich has to step out of football,' he said during a virtual roundtable discussion with journalists. 'The net financial impact will be halved in the next three years,' he continued, referring to the budget cap which is introduced next year. 'We have an even more aggressive cost reduction target in Formula One than for the rest of the company.' At a time Mercedes is witnessing increased sales of its electric and hybrid vehicles, he said that the company is 'within striking distance'...
Full Story »
Full Story »
4y ago from Pitpass.com
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
Hamilton condemns F1's plans for new Rio circuit amid...
Mercedes driver Lewis Hamilton has condemned the proposed construction of...
4y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez aims to ‘mentally defeat’ rivals, not...
No description available...
5h ago from Motorsport.com
Liberty Media can’t follow its F1 play to boost...
No description available...
1d ago from Motorsport.com
Johann Zarco spends MotoGP summer break winning Suzuka...
No description available...
1d ago from Motorsport.com
Guenther Steiner finalizing purchase of Tech3 MotoGP...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
FOX Corporation acquires one-third stake in IndyCar...
No description available...
5d ago from Motorsport.com
Colton Herta: IndyCar at Laguna Seca is a...
IndyCar’s latest visit to Laguna Seca produced rave reviews from...
6d ago from MotorsportWeek.c...
FOX acquires 33% stake in Penske Entertainment, IndyCar
Fox Corporation, parent company of broadcast company FOX Sports, has...
5d ago from MotorsportWeek.c...
Alex Palou will not play it safe in Portland to secure...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Future second Asian/Pacific event behind WRC calendar...
No description available...
7h ago from Motorsport.com
Sebastien Ogier sets sights on WRC 2025 title push
No description available...
1d ago from Motorsport.com
Kalle Rovanpera relieved to finally achieve...
No description available...
2d ago from Motorsport.com
WRC Rally Finland: Kalle Rovanpera takes historic home...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Report: Arsenal working to complete £20m deal with...
Arsenal have already made six summer signings and they could be set to...
2h ago from FreshArsenal.com
Arsenal handed double injury boost ahead of Premier...
Arsenal have been handed a double injury boost as they gear up for their...
32m ago from SportsKeeda.com
Arsenal latest: 'Wilshere in running for Gunners...
No description available...
3h ago from SkySports.com
Arsenal talent Max Dowman sums up 16-year-old Rio...
Arsenal teenager Max Dowman showed his appreciation for Liverpool's Rio...
4h ago from SportsKeeda.com
Comments
Hottest News
Axed F1 boss 'set to BUY' grand prix team
A former F1 team boss is getting ready to buy a... Read More »
5h ago from GPFans.com
The AUDACIOUS move that could see Lewis Hamilton become...
Between Lewis Hamilton’s Ferrari crunch... Read More »
5h ago from GPFans.com
Fred Vasseur hits back at question over Ferrari investment...
Ferrari boss Fred Vasseur hit back at a question... Read More »
32m ago from MotorsportWeek.com
