Wolff, Mercedes will reportedly extend F1 involvement

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Image: TeamTalk
Image: TeamTalk

Mercedes are expected to stay in Formula 1 for the foreseeable future, while Toto Wolff is set to sign a new contract with the Brackley outfit.

Last year reports emerged claiming that Mercedes could be on the verge of walking away from F1.

The German manufacturer, winner of the last six F1 championship doubles, was believed to be wanting to instead focus on Formula E having entered the sport as a works team for the 2019/20 season.

Some reports even went as far as to say that Wolff was in cahoots with Racing Point owner Lawrence Stroll with the aim of buying the Mercedes team and rebranding it Aston Martin.

This, at least according to the Italian edition of Motorsport.com, is wrong. The publication reports that Mercedes are determined to 'stay in F1 for a long time' and will be confirming that in the coming months. Added to that, Wolff will 'renew his contract'.

New two-year deal

That comes in the wake of reports in Gazzetta dello Sport that Lewis Hamilton, who is chasing a record-equalling seven Drivers' title in 2020, will soon put pen to paper on a new two-year Mercedes deal.

The team's second driver for 2021 won't be announced until late this year with current driver Valtteri Bottas fighting George Russell for that position.

READ: Mercedes pays Toto Wolff €8 million per year

Motorsport.com adds that Mercedes are enjoying a charmed life in F1 at present. The source further states that the team's "presence in the World Championship costs very little as prizes, sponsors and the upcoming budget caps reduces the economic participation required from Daimler.

"In addition the combination of hybrid series production and the current technical base of Formula 1 is perfect for marketing."

But while Mercedes wait to confirm any of the three announcements, F1's rumour mill will continue to speculate.

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