Mercedes-Benz Considering Exit from F1 Racing
Mercedes-Benz has been a contractual member of Formula 1 racing since 2009 where Mercedes decided to join the sport not only as a racing team but as an engine supplier.
But their agreement to remain in the sport wraps up this coming 2020 and team boss Toto Wolff says that Mercedes will remain in the sport as long as it continues to develop in a positive way.
Team boss Toto Wolff says Mercedes is only committed to Formula 1 until 2020.
Mercedes co-owner and boss Wolff told La Gazzetta dello Sport: “Mercedes decided in 2009 to compete not only as an engine supplier but also with its own team in Formula 1. We have committed ourselves until 2020, but what happens then is unclear. In my opinion, we will stay in Formula 1 if the sport develops in a positive way.”
Mercedes’ commitment, as well as the other top teams, is in the form of bilateral contractual agreements with the Bernie Ecclestone-led commercial rights holder. Those rights are in the process of being taken over by Liberty Media. Continue Reading