Formula 1 Managing Director Ross Brawn says Daimler gets “a lot more in return” for the money they spend on Mercedes’ participation in F1.
When asked about the speculation that Mercedes might pull out of Formula 1 at the end of 2020, Brawn said he doesn’t think this will be the case.
“I see no signs of that,” said the Briton.
“They get a lot more in return for the amount they spend.”
The rumours going around are that Daimler considers their Formula 1 programme to be too costly, in the middle of their efforts to reduce spending. However, Daimler’s chairman Ola Kallenius already said the manufacturer is not looking to get out of F1 and Brawn now says the new 2021 budget cap will also play a role in them remaining.
“They’re going to know now what they’re going to spend,” continued Brawn.
“The message that came through from people of the world like Ola Kallenius was that they want cost control and certainty about what they need to spend in Formula 1.”