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.”