MX23RW : Sunday, December 8 15:05:39| >> :600:2015735:2015735:

Staying in F1 'worthwhile' says Mercedes CEO

Staying in F1 'worthwhile' says Mercedes CEO
© Reuters
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.

body check tags ::

Click here for more stories about Lewis Hamilton

Click here for more stories about Mercedes

Share this article now:
Instagram - Follow Sports Mole
Lewis Hamilton (44) of Great Britain celebrates winning his sixth world championship after the United States Grand Prix at Circuit of the Americas on November 3, 2019
Read Next:
Hamilton may change teams for 2021 - Brawn
>

Premier League
Championship
Scottish League Cup
La Liga
Serie A
Bundesliga
Ligue 1
Eredivisie
Primeira Liga
Turkish Super Lig
Belgian Pro League
Greek Superleague
Russian Premier League
Ukrainian Premier League
Swiss Super League
Danish Superliga
Segunda Division
Serie B
2.Bundesliga
Argentine Primera Division
Brasileiro
Liga MX Playoffs
Australian A-League
Women's Super League
European Champions Cup
NFL

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
Ultra close-up image of Kevin De Bruyne [NOT FOR USE IN ARTICLES]Get the latest transfer news, match previews and news direct to your inbox!