Mercedes has 'clear intention' to continue in F1 for years

Daimler has denied a report in German newspaper Bild which had suggested Racing Point owner and Aston Martin's executive chairman Lawrence Stroll could buy Daimler's stake in the Mercedes team.

File photo (REUTERS)
File photo
View Personalised Offers on
Check Offers icon Check Offers

Mercedes plans to stay in Formula One for years to come, parent company Daimler has said after renewed speculation about the world champions' future and the intentions of team principal Toto Wolff.

Daimler criticised the "unfounded and irresponsible" reports.

"The sport has taken the right measures to address the consequences of the Covid-19 pandemic and its future financial sustainability, and we welcome these steps," it said in a statement.

Also check these Vehicles

Find more Cars
Mercedes-benz Eqe (HT Auto photo)
BatteryCapacity Icon90.56 kWh Range Icon550 Km
₹ 1.39 Cr
Compare
View Offers
Mercedes-benz Gls (HT Auto photo)
Engine Icon2999 cc FuelType IconMultiple
₹ 1.32 - 1.37 Cr
Compare
View Offers
Mercedes-benz Eqa (HT Auto photo)
UPCOMING
BatteryCapacity Icon66.5 kWh Range Icon426 Km
₹ 60 Lakhs
Alert Me When Launched
Mercedes-benz Eqs (HT Auto photo)
BatteryCapacity Icon107.8 kwh Range Icon580 km
₹ 1.55 Cr
Compare
View Offers
Mercedes-benz Gla (HT Auto photo)
Engine Icon1950 cc FuelType IconMultiple
₹ 50.50 - 56.90 Lakhs
Compare
View Offers
Mercedes-benz Glb 2024 (HT Auto photo)
UPCOMING
Engine Icon1332 cc FuelType IconPetrol
₹ 65 Lakhs
Alert Me When Launched

"It is our clear intention to continue competing in Formula One as a Mercedes-Benz works team in the years to come, and to do so with our managing partner Toto Wolff."

Germany's Auto Bild had suggested on Thursday that Racing Point owner and Aston Martin's executive chairman Lawrence Stroll could buy Daimler's stake in the Mercedes team.

The report said Wolff, a 30% shareholder, could stand back from his operational role.

Mercedes have won the last six successive drivers and constructors' titles, with Britain's Lewis Hamilton chasing a record-equalling seventh this year.

Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape.

First Published Date: 30 May 2020, 17:59 PM IST
NEXT ARTICLE BEGINS

Check Latest Offers

Please provide your details to get Personalized Offers

Choose city
+91 | Choose city
Choose city
Select a dealer

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.