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
Johann Zarco spends MotoGP summer break winning Suzuka...
No description available...
3m ago from Motorsport.com
Guenther Steiner finalizing purchase of Tech3 MotoGP...
No description available...
1d ago from Motorsport.com
Former F1 team principal Guenther Steiner set to take...
Former Haas Formula 1 team principal Guenther Steiner is finalising a...
1d ago from MotorsportWeek.c...
Why Alex Marquez isn't worried he’s tumbling out of...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
FOX Corporation acquires one-third stake in IndyCar...
No description available...
3d ago from Motorsport.com
FOX acquires 33% stake in Penske Entertainment, IndyCar
Fox Corporation, parent company of broadcast company FOX Sports, has...
3d ago from MotorsportWeek.c...
Colton Herta: IndyCar at Laguna Seca is a...
IndyCar’s latest visit to Laguna Seca produced rave reviews from...
4d ago from MotorsportWeek.c...
Alex Palou will not play it safe in Portland to secure...
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Ogier sets sights on WRC 2025 title push
No description available...
1h ago from Motorsport.com
Kalle Rovanpera relieved to finally achieve...
No description available...
16h ago from Motorsport.com
WRC Rally Finland: Kalle Rovanpera takes historic home...
No description available...
20h ago from Motorsport.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
20h ago from MotorsportWeek.c...
Popular On GunnersToday.com
Football kits 2025/26: Arsenal unveil new third kit
No description available...
33m ago from SkySports.com
Mikel Arteta targets Frenchman as defensive shake-up...
Arsenal have made an early move in the race to sign highly-rated French...
1h ago from CaughtOffside.com
Arsenal interested in signing 20-year-old French...
Arsenal are reportedly interested in signing Jérémy Jacquet from Rennes....
1h ago from SportsKeeda.com
Three things …
Welcome to Monday. Arsenal are back on familiar ground and will get down...
3h ago from Arseblog.com
Comments
Hottest News
Hamilton a no show for FIA hearing after British legend...
Seven-time F1 champion Lewis Hamilton decided not... Read More »
1h ago from GPFans.com
Oscar Piastri raises major Lando Norris question: 'I don't...
Oscar Piastri has one major question after the... Read More »
4h ago from RacingNews365.com
Hungarian Grand Prix - Race results
Full race results from the Hungarian Grand Prix... Read More »
17h ago from F1i.com
