Mercedes-Benz boss Ola Källenius says F1 remains “very attractive”

© Daimler AG

Chairman of the Board of Daimler AG and head of Mercedes-Benz Cars Ola Källenius talks about the company’s future in Formula 1.

Mercedes’ commercial contract with Formula 1 expires at the end of 2020, and with the company yet to sign the new Concorde Agreement, many are questioning its future in the sport. In a recent interview with Autocar, Mercedes-Benz boss Ola Källenius addressed the issue.

“As you know, negotiations are proceeding right now over the framework of a new F1 agreement for the future,” said the Swede.

“It is important to us that any deal should be ecologically satisfactory as well as financially sound. But F1 remains a very, very attractive arena for us.”

Källenius was also asked about the status of Mercedes’ high-performance sportscar Mercedes-AMG Project One, which is being developed using Formula 1 technology.

“I wouldn’t say we’ve been quiet. In fact, the whole project is quite loud, as you’d expect of a car powered by an F1 engine.

“The development of the car is proceeding and we are excited about it. When we reach the right stage, we will say more.”


Follow us on Twitter @SilverArrowsNet and like us on Facebook!

Comments are closed.