Could Mercedes be quitting F1? The works team says reports are 'simply wrong'

accreditation
Winner Mercedes British driver Lewis Hamilton (R) celebrates on podium with Mercedes chief engineer Fred Judd (C) and second place Mercedes Finnish driver Valtteri Bottas after the Formula One Russian Grand Prix at The Sochi Autodrom Circuit in Sochi on September 29, 2019. (Photo by Dimitar DILKOFF / AFP)
Winner Mercedes British driver Lewis Hamilton (R) celebrates on podium with Mercedes chief engineer Fred Judd (C) and second place Mercedes Finnish driver Valtteri Bottas after the Formula One Russian Grand Prix at The Sochi Autodrom Circuit in Sochi on September 29, 2019. (Photo by Dimitar DILKOFF / AFP)
Dimitar DILKOFF

Mercedes has rejected British media reports that claim the German marque is set to quit Formula 1 as a works team at the end of 2020.

It is claimed that amid new Daimler CEO Ola Kallenius' push to save a billion euros over the next three years, Mercedes will only remain in F1 as an engine manufacturer.

The report said the bombshell news could be decided formally at a board meeting on February 12.

The Brackley based operation could be taken over by team boss Toto Wolff and new Racing Point owner Lawrence Stroll, who would rename it Aston Martin.

Stroll is said to be close to taking a $260 million stake in Aston Martin, the British luxury carmaker that currently sponsors Red Bull.

According to the latest reports, Racing Point would then be taken over by Dmitry Mazepin, a Russian billionaire whose son Nikita races in Formula 2, while Lewis Hamilton flees Mercedes and potentially joins Ferrari.

But when asked about whether the matter will be discussed at the next board meeting, Kallenius said at an event in Berlin: "Not true."

And, citing sources from within the title-winning Mercedes team, the German broadcaster RTL insisted the reports are "simply wrong".

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Lockdown For
DAYS
HRS
MINS
Brought to you by
Voting Booth
Who do you feel was at fault for Verstappen and Hamilton's Italian GP crash?
Please select an option Oops! Something went wrong, please try again later.
Results
Verstappen
25% - 1212 votes
Hamilton
42% - 2026 votes
They were both at fault
33% - 1582 votes
Vote