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
MotoGP unveils new brand identity at Barcelona season...
MotoGP has unveiled its new logos as the championship updates its brand...
6h ago from MotorsportWeek.c...
Jorge Martin: the MotoGP champion who wanted...
No description available...
9h ago from Motorsport.com
MotoGP unveils all-new logo as part of brand refresh
No description available...
6h ago from Motorsport.com
Bagnaia knew his title chances were slim after...
No description available...
10h ago from Motorsport.com
Popular On IndyCarToday.com
Despite three IndyCar titles, Palou feels incomplete...
No description available...
3d ago from Motorsport.com
Penske Entertainment buys Grand Prix of Long Beach
No description available...
3d ago from Motorsport.com
Penske purchases Grand Prix Association of Long Beach
Penske Entertainment announced Thursday that it has acquired the Grand...
3d ago from MotorsportWeek.c...
AJ Foyt technical director Michael Cannon leaves team
Michael Cannon, AJ Foyt Racing’s revered engineer and technical...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Croatia strikes new deal to rejoin WRC in 2026
No description available...
2d ago from Motorsport.com
WRC drops hybrid power as part of 2025 Rally1 refresh
No description available...
2d ago from Motorsport.com
Hyundai's 2025 WRC car will feature "reasonable...
No description available...
6d ago from Motorsport.com
What Lancia needs to do to transform its rally return...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Rating the 11 players Marca named in 2016 as best u-18...
Rating the 11 players popular Spanish newspaper named as the best-18...
3h ago from SoccerSouls.com
Arsenal eyeing move for attacker with 50 goals &...
Arsenal are keen on bolstering their attack in the upcoming transfer...
6h ago from CaughtOffside.com
Arsenal scouts 'approve' move for 20-year-old...
Bundesliga giants Eintracht Frankfurt are reportedly braced for January...
9h ago from SportsMole.co.uk
'We will see' – Manchester United and Arsenal linked...
Sporting Lisbon’s prolific striker Viktor Gyokeres has broken his...
10h ago from CaughtOffside.com
Comments
Hottest News
Ricciardo given 'best driver' verdict by Red Bull boss as...
Christian Horner has made a Daniel Ricciardo... Read More »
4h ago from GPFans.com
Perez's father issues MAJOR update over son's F1 future
The father of Formula 1 star Sergio Perez has... Read More »
7h ago from GPFans.com
Axed F1 boss admits SHOCKING Drive to Survive truth
Former Haas boss Guenther Steiner has admitted a... Read More »
5h ago from GPFans.com
