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 »
5y 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...
5y ago from GrandPrix247.com
Daimler: 'No reason why we should leave F1'
It was indirectly announced last week that Mercedes would not leave...
5y 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...
5y ago from PlanetF1.com
Mercedes boss reaffirms F1 commitment
Lewis Hamilton Mercedes is committed to Formula 1 according to Daimler...
5y ago from SpeedCafe.com
Elsewhere On The Network
Popular On MGPToday.com
Honda reveals Suzuka 8 Hours line-up featuring Takumi...
Honda has revealed that six-time WorldSBK champion Jonathan Rea and...
3h ago from MotorsportWeek.c...
Why Marco Bezzecchi had no answer to Jorge Martin’s...
No description available...
6h ago from Motorsport.com
Francesco Bagnaia explains French GP crash: “I...
No description available...
8h ago from Motorsport.com
MotoGP race winners Jack Miller and Johann Zarco...
No description available...
7h ago from Motorsport.com
Popular On IndyCarToday.com
Arrow McLaren shows off suite of Indy 500 liveries
Arrow McLaren has revealed the liveries that will adorn its cars for the...
1h ago from MotorsportWeek.c...
Mick Schumacher's top 12 run ends after spinning...
No description available...
2h ago from Motorsport.com
The official entry list for the 110th running of the...
No description available...
3h ago from Motorsport.com
McLaren chief brands Fernando Alonso Indy 500 failure...
McLaren CEO Zak Brown has identified Fernando Alonso's failure to qualify...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How Sebastien Ogier’s near-perfect Rally Portugal...
No description available...
1d ago from Motorsport.com
Thierry Neuville nabs Portuguese win
Sebastien Ogier and Vincent Landais had their eighth Rally de Portugal...
1d ago from MotorsportWeek.c...
WRC Portugal: Thierry Neuville inherits lead as...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
'You can't get away from that' - Gary Neville predicts...
Manchester United icon Gary Neville has predicted the winner of the...
52m ago from SportsKeeda.com
Player ratings: West Ham 0-1 Arsenal
Arsenal took a big step towards their first Premier League title in over...
1h ago from FreshArsenal.com
Arsecast Extra Episode 694 – 11.05.2026
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
4h ago from Arseblog.com
Man United and Arsenal lock horns in 60m chase for...
Juventus full-back Andrea Cambiaso emerging as a highly coveted target for...
7h ago from CaughtOffside.com
Comments
Hottest News
Aston Martin announcement to remove Adrian Newey as F1 team...
Adrian Newey's days at the helm of Aston Martin... Read More »
1h ago from GPFans.com
Lewis Hamilton donates personalised Mercedes to Silverstone...
Seven-time champion Lewis Hamilton has kindly... Read More »
1h ago from GPFans.com
Lewis Hamilton issued blunt F1 retirement advice amid...
Former Formula 1 driver Ralf Schumacher has... Read More »
2h ago from MotorsportWeek.com
