Mercedes is not opposed to the introduction of a budget cap in formula one.
Earlier, based on an interview in Frankfurter Allgemeine Sonntagszeitung that was reproduced only in part by DPA news agency, we claimed that Toto Wolff is in fact opposed to the budget cap plan.
But Mercedes says a crucial part of the interview was left out.
"It (the budget cap) is still a work in progress but there will be a budget cap. We want it," team boss Wolff said.
"The challenge is how to control spending, because the teams are structured very differently. For example, we will need to agree penalties in the event that a team deliberately breaks the rules.
"It is very complex to put all that in place. We see the biggest challenges with the implementation," he added.
A Mercedes spokesman said the team welcomes the budget cap and is "working together with FOM" on how it can be implemented.
