News Details
Daimler target profitable Mercedes F1 team
Daimler chairman Ola Källenius hopes INEOS's investment, combined with the budget cap, will turn Mercedes F1 into a profitable franchise. The Mercedes Formula 1 team has long been at the top of Formula 1 when it comes to their yearly budget, believed to be upwards of $400million, but for 2021 that figure must come down considerably with teams capped at spending $145m per season. Suddenly then, Mercedes are looking very financially secure in the world of Formula 1 and with chemical giant INEOS buying a third of the team, the potential is absolutely there for the Mercedes Formula 1 team to become a sports franchise that makes money. And that is exactly the expectation which Daimler has....
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
Tost: Teams would not have been open to cost cap...
AlphaTauri team principal Franz Tost believes that the COVID-19 pandemic...
5y ago from GrandPrix247.com
Daimler CEO clarifies choice for INEOS: "Win-win...
In February 2020, Mercedes announced that they had attracted a new main...
5y ago from GPBlog.com
Jordan: If I were Daimler's boss, I would show Lewis...
While Lewis Hamilton has yet to sign an extension with Mercedes, former...
5y ago from GrandPrix247.com
Aston Martin Could Give Mercedes A ‘Run For Their...
The newly rebranded Aston Martin F1 Team has ambitious plans going...
5y ago from Formula1News.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Guenther Steiner: MotoGP riders ‘need to be of a...
Tech3 KTM CEO Guenther Steiner has continued to share his admiration for...
13h ago from MotorsportWeek.c...
Trackhouse team owner Justin Marks: MotoGP must take...
No description available...
10h ago from Motorsport.com
KTM backs “unlucky” Maverick Vinales to return and...
No description available...
13h ago from Motorsport.com
Aleix Espargaro hospitalised after crash in Sepang...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Andretti confirmed to field just three cars for Indy...
Andretti Global has confirmed that the team will only run three cars in...
1d ago from MotorsportWeek.c...
AJ Foyt Racing adds Toby Sowery as reserve driver
No description available...
1d ago from Motorsport.com
Toby Sowery joins AJ Foyt Racing in IndyCar reserve...
AJ Foyt Racing has appointed Toby Sowery as the team’s reserve driver...
1d ago from MotorsportWeek.c...
Feature: RLL’s split fortunes in Barber highlight...
At the most recent IndyCar race from Barber Motorsports Park, Graham...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Oliver Solberg out of Croatia Rally (for now)
Friday: Oliver Solberg crashed out of Rally Croatia about four km into...
16h ago from MotorsportWeek.c...
Elfyn Evans and Oliver Solberg both out early at WRC...
No description available...
4h ago from Motorsport.com
WRC Croatia: Oliver Solberg crashes out on opening...
No description available...
15h ago from Motorsport.com
Elfyn Evans out of Croatia – SS3
Croatia’s Friday stages were all new. With a 16 second lead going into...
15h ago from MotorsportWeek.c...
Popular On GunnersToday.com
Premier League news: Fernández’s Chelsea future in...
No description available...
8h ago from TheGuardian.com
Arsenal handed boost as Mikel Arteta confirms key...
Arsenal boss Mikel Arteta has confirmed that Eberechi Eze is fit for their...
10h ago from SportsKeeda.com
“Ronaldo should pack it now” - Ex-Arsenal star...
Former Arsenal midfielder Anders Limpar has urged Cristiano Ronaldo to...
13h ago from SportsKeeda.com
Arsenal enter race to sign 22-year-old midfielder...
Arsenal have reportedly joined Leeds United in the race for Stade Rennais...
13h ago from SportsKeeda.com
Comments
Hottest News
Aston Martin spotted testing 'super-illegal' car during F1...
The five-week hiatus from the 2026 F1 season has... Read More »
10h ago from GPFans.com
Lance Stroll GT3 Results: Qualifying times and grid order...
Qualifying for the first round of the 2026 GT... Read More »
4h ago from GPFans.com
Ferrari's 499P Heads to Imola This Weekend Carrying Aero...
When the FIA World Endurance Championship season... Read More »
5h ago from Formula1News.co.uk
