Mercedes plans to remain active in Formula 1 for years to come. Daimler, the parent company of the top team, announced at a presentation to investors on Tuesday evening that the premier class of motorsport will remain an important part of the plans in the coming years.
Mercedes’ intention is good news for Formula 1, especially now that Red Bull Racing lives in uncertainty. Max Verstappen’s team was told on Friday that engine supplier Honda will be leaving the sport after 2021.
There were rumors last month about a possible end to the Formula 1 era for Mercedes. For example, the racing stable of world champion Lewis Hamilton would be taken over by the British company INEOS for 750 million euros, although this was denied by team boss Toto Wolff.
Ola Källenius, the CEO of Mercedes, emphasized at the presentation to the investors that he believes the value and technical developments in Formula 1 are important for the future.
He also said AMG, Mercedes’ sports label, will play a more prominent role in the premier class of motorsport. Links with the sports brand must be strengthened from next year.
In the current Formula 1 season, defending champion Hamilton is on track for his seventh world title, which would match the record set by Michael Schumacher.
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