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Sport Not a given that Mercedes will stay in F1, says Wolff

01:25  13 november  2019
01:25  13 november  2019 Source:   reuters.com

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LONDON (Reuters) - Champions Mercedes are likely to stay in Formula One after major changes come into play in 2021 but that cannot be taken for granted, team principal Toto Wolff said on Tuesday. "Everything indicates that we will stay . But it's not a given ," Wolff , who is missing this

Champions Mercedes are likely to stay in Formula One after major changes come into play in 2021 but that cannot be taken for granted, team principal “Everything indicates that we will stay . But it’s not a given ,” Wolff , who is missing this weekend’s Brazilian Grand Prix to deal with such commercial

Toto Wolff wearing a suit and tie: Formula One F1 - Russian Grand Prix © Reuters/MAXIM SHEMETOV Formula One F1 - Russian Grand Prix Champions Mercedes are likely to stay in Formula One after major changes come into play in 2021 but that cannot be taken for granted, team principal Toto Wolff said on Tuesday.

The German carmaker's factory team have won both the constructors' and drivers' championships for an unprecedented six years in a row, and next season is the last before a financial, technical and sporting shakeup.

The teams are still negotiating a new agreement with commercial rights holders Liberty Media to replace the one that expires at the end of 2020, and their positions are being staked out.

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Toto Wolff says there are no guarantees Mercedes will stay in Formula 1 after 2021, but insists all indications suggest it will remain. Discussions between Mercedes and F 1 owner Liberty Media over new terms for a commercial rights deal are ongoing

Champions Mercedes are likely to stay in Formula One after major changes come into play in 2021 but that cannot be taken for granted, team principal "Everything indicates that we will stay . But it's not a given ," Wolff , who is missing this weekend's Brazilian Grand Prix to deal with such commercial

"Everything indicates that we will stay. But it's not a given," Wolff, who is missing this weekend's Brazilian Grand Prix to deal with such commercial matters, told motorsport.com.

"We are in the middle of discussing the new Concorde Agreement. In connection with this, and independently of it, we are discussing the development of the automobile and its effects on sport," added the Austrian.

Lewis Hamilton holding a sign: FILE PHOTO: Mexican Grand Prix © Reuters/Carlos Jasso FILE PHOTO: Mexican Grand Prix

"In which direction is the automotive world developing? In what form is Formula One relevant as an entertainment and technology platform? As a brand whose first car was a racing car, do we want to stay on this platform in the long term?"

a person riding on the back of a truck: FILE PHOTO: Mexican Grand Prix © Reuters/Carlos Jasso FILE PHOTO: Mexican Grand Prix

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Mercedes ' future in F 1 after 2021 is " not a given ", says team principal Toto Wolff . The German carmaker's factory team have won both the constructors' The team are likely to stay in Formula One after major regulation changes come in to play, but negotiations are ongoing for a new agreement with

Toto Wolff says there are no guarantees Mercedes will stay in Formula 1 after 2021, but insists all indications suggest it will remain. Discussions between Mercedes and F 1 owner Liberty Media over new terms for a commercial rights deal are ongoing

The German luxury carmaker is also spending 10 billion euros ($11.02 billion) to develop a raft of electric cars so it can boast a carbon neutral car fleet by 2039 and to avoid hefty fines by regulators.

Wolff said that while the likes of Ferrari built their business on racing, there was another model that said: 'We had a very successful run. There's nothing more to prove. We're doing something else now'.

"Both are absolutely plausible strategies," he said.

Mercedes are also due to supply three other teams -- McLaren, Williams and Racing Point -- with engines from 2021 and Wolff said that too could be up in the air.

"You can be only pregnant or not pregnant, not half pregnant. So either we participate in the platform or we do not," he declared.

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