SM
Watford vs. Leeds: 10 hrs 52 mins
Upcoming predictions and previews

Staying in F1 'worthwhile' says Mercedes CEO

:Headline: Staying in F1 'worthwhile' says Mercedes CEO: ID:378981: from db_amp
Mercedes looks set to stay in Formula 1 in 2021 and beyond.

Mercedes looks set to stay in Formula 1 in 2021 and beyond.

Team boss Toto Wolff had warned earlier this week that, given Mercedes' recent utter dominance of Formula 1 and the looming end of the Concorde Agreement, it is "not a given" that the German marque will sign up for more.

However, at an investor meeting in London, Mercedes-Benz CEO Ola Kallenius suggested that the Brackley based team's parent company remains keen on F1.

That is despite the fact that he also announced that Mercedes parent Daimler will make $1.5 billion in savings by implementing measures like job cuts.

But when asked about Formula 1, he said: "We have won the world championship six times in a row.

"That is unique and has more than paid off in terms of marketing. So it has to be seen as a very worthwhile investment," the Swede added.

However, Daimler's austerity plan might hurt Mercedes' chances of re-signing Lewis Hamilton for 2021.

In Brazil, the six-time world champion said he is preparing to "get into the ring" for some "intense" contract negotiations.

But another factor could be team boss Toto Wolff, who is this weekend sitting out his first grand prix since 2013. The Austrian is being hotly linked with Chase Carey's top job at Liberty Media.

"Naturally I don't want him to leave, particularly if I'm staying in the sport," Hamilton said.

"I always want people to spread their wings and do what's best for their careers, but it's also important to me to see where his head is at," he added.

amp_article__378981 : Database Data restored...  : 
last updated article - 2019-11-15 07:10:04:
html db last update - 2021-02-19 15:18:03 :

ex - 7200 : read : read cache amp html

Click here for more stories about Lewis Hamilton

Click here for more stories about Mercedes

Share this article now:
Recommended Next on SM
Premier League Table
TeamPWDLFAGDPTS
1Arsenal28204470244664
2Liverpool28197265263964
3Manchester CityMan City28196363283563
4Aston Villa29175760421856
5Tottenham HotspurSpurs28165759421753
6Manchester UnitedMan Utd28152113939047
7West Ham UnitedWest Ham2912894650-444
8Brighton & Hove AlbionBrighton2811985044642
9Wolverhampton WanderersWolves28125114244-241
10Newcastle UnitedNewcastle281241259481140
11Chelsea27116104745239
12Fulham29115134344-138
13Bournemouth2898114152-1135
14Crystal Palace2878133348-1529
15Brentford2975174154-1326
16Everton2887132939-1025
17Luton TownLuton2957174260-1822
18Nottingham ForestNott'm Forest2967163551-1621
19Burnley2945202963-3417
20Sheffield UnitedSheff Utd2835202474-5014
Scroll for more - Tap for full version


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
AL
Sign up for our FREE daily preview newsletter direct to your inbox!

Loading ...

Failed to load data.



. . . . . . . . . . . . . . .