It was indirectly announced last week that Mercedes won't leave Formula 1. On Wednesday, Daimler also confirmed this through Ola Källenius. The CEO of Mercedes' parent company states that there is currently no reason to turn their backs on the pinnacle of motorsport.
“We have as little reason to step out of Formula One as Bayern Munich has to step out of football,” Källenius is quoted by Reuters press agency during an online meeting with several journalists.
However, the top executive states that Daimler is working to reduce costs and reduce the environmental impact of motorsport. The German organisation is working on a plan to reduce emissions in sport to zero. The use of synthetic fuels, for example, should make this possible. Costs must also be reduced.
"The net financial impact 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," Källenius said.
Read more about:
Today
Rumors
Popular on GPBlog
1
Ford shares important update on the status of the Red Bull Powertrains project
1475 times read
2
Mick Schumacher scores heartfelt WEC podium in Belgium 30 years after father Michael wins Grand Prix
724 times read
3
F1 LIVE | Possible reunion of Verstappen and Perez, 'Fatal'problems within Ferrari
669 times read
4
Can Hamilton bounce back at Ferrari? 'They both didn't see this coming'
348 times read
Daimler: 'No reason why we should leave F1'
A commitment from Mercedes and a new three year contract for Lewis.
Hang on guys, for the 8th, 9th and 10th titles.
Daimler: 'No reason why we should leave F1'
Very good news for Merc fans and very bad news for our noisy neighbors.
I guess the attacks are going to become more desperate.
Google is by and by paying $27485 to $29658 consistently for taking a shot at the web from home. I have joined this action 2 months back and I have earned $31547 in my first month from this action. I can say my life is improved completely! Take a gander at it what I do..... jobsreport3.best
So let the games begin..the naysayers are disappointed no doubt..soooo start the diatribe bloggers...