“In Formula 1 we can test hybrid technology and new fuels” – Daimler CEO Ola Kaellenius has reiterated their desire to continue in F1 with the dominant Mercedes team.
Speaking at the digital congress of Auto Motor und Sport in Stuttgart, Daimler CEO Ola Kaellenius confirmed that they are here to stay in F1. There had been suggestions that Mercedes might want to leave the sport on a high after winning an unprecedented 7th consecutive world title. He chose an analogy from football to reiterate Daimler’s commitment to F1.
“We’re not leaving Formula 1.”
“Just because Bayern Munich has won a number of championship titles doesn’t mean they stop. We’re not stopping either.”
— Ashley Woodhouse (@AshWoody90) November 10, 2020
Kaellenius also revealed that the reason for them continuing in F1 is not just down to Mercedes. This incredible sport allows Daimler to test upcoming technology and fuel sources. They are committed to ushering in an era of synthetic fuel in F1, which will help reduce the cost drastically.
“In Formula 1 we can test hybrid technology and new fuels. We’ll stay with that. The net financial impact will be halved in the next three years. We have an even more aggressive cost reduction target in Formula One than for the rest of the company.”
Will Toto Wolff continue as the Mercedes team principal?
With Mercedes’s future as a team sorted, the next two big questions are if Lewis Hamilton and Toto Wolff will follow suit. While Hamilton has hinted that he wants to continue with the dominant force, Toto Wolff has sounded less enthusiastic. He wants to dedicate more time to himself and his family, something which his role doesn’t allow. He, however, confirmed, that he will continue to be associated with Mercedes as a team owner.
“But I take enjoyment in what I do and I certainly don’t want to step away from the Mercedes team. I am a co-owner with Mercedes, it is something I am very proud of.”