https://www.racefans.net/2020/01/29/mercedes-crunch-meeting-quit-f1-2020/?fbclid=IwAR3OcCAw5GRpN-mDcR-hsK6BuJEStG6pxZWS9RVLOJhxYHeag8iyjbvy9aY So there'll be a meeting on Feb 12 deciding the fate of Merc F1? And if Daimler decides to leave, Wolff and Stroll will buy it from them so they would later merge it with Aston Martin which is former Racing Point?
MAYBE IF HE'S ABLE to buy every single team, he can put monkeys driving them, so perhaps lancelot will have a shot at the title...even so, there are some pretty smart apes around, i'm sure some of them would make life difficult for him!
The article doesn't talk about a merger. In any case, things seem to have moved since, and it's Racing Point that will be rebranded Aston Martin. The future of the Mercedes team has yet to be decided, but indications are that they will carry on. INEOS, has just signed a multi-million sponsorship contract with Mercedes, surely not for one year!
I read that the Mercedes people have denied this report, to the point of saying there is no meeting on February 12.
All the indications are that Mercedes-AMG isn't going to stop anytime soon. Mercedes pinch AMD sponsor away from Ferrari http://www.gptoday.com/full_story/view/708631/Mercedes_pinch_AMD_sponsor_away_from_Ferrari/ Mercedes has announced a multi-year partnership with high-performance computing leader, AMD, who had previously been sponsoring rivals Ferrari. Big Boost for Mercedes F1 as New Sponsor Joins in With £20 Million Sponsorship https://www.essentiallysports.com/big-boost-for-mercedes-f1-as-new-sponsor-joins-in-with-20-million-sponsorship/ INEOS to sponsor Mercedes F1 The current deal is said to be worth 20 million pounds and will see INEOS featured on Mercedes’ merchandise in F1. This will also include the 2020 car and team uniform. I doubt if Mercedes would have signed these deals if they had the intention of exiting F1.
Daimler Benz 2019 profits cratered by nearly 2/3 due to expenses associated with so-called Dieselgate and excessive costs incurred in e-car development. They are slashing their dividend by about 60% to conserve cash and they plan to reduce workforce by 10,000 jobs by the end of 2022. They now have plenty of cover to get out of F1. In fact the board might mandate it under pressure from shareholders (dividends) and the German government (jobs).
