E Jordan: Hami to Ferrari, Merc quitting | Page 7 | FerrariChat

E Jordan: Hami to Ferrari, Merc quitting

Discussion in 'F1' started by TheMayor, May 4, 2020.

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  1. Bas

    Bas Four Time F1 World Champ

    Mar 24, 2008
    41,300
    ESP
    Full Name:
    Bas
    I'm not too concerned about Mclaren yet. I feel the cuts they made are partially due to happen during the 2022 regs anyways, Corona simply accelerated it happening. Mclaren is a very strong name in F1, and the team is still on the up.


    Williams a far greater risk, a great name but at the bottom, not much want for it.
     
    375+ and Simon^2 like this.
  2. Simon^2

    Simon^2 F1 World Champ

    Oct 17, 2005
    12,313
    At Sea Level

    McLaren is going to survive.

    The Bahrain Sovereign Wealth Fund is the biggest shareholder at about 56%... No way they will allow it to fail. They (Bahrain) will almost certainly end up owning more though.
     
    Bas and 375+ like this.
  3. Mitch Alsup

    Mitch Alsup F1 Veteran

    Nov 4, 2003
    9,252
    When he was young, fearless, and had desire. No loonger.
     
  4. Yup, there may be embers, but when the fire's out......it's out.
     
  5. william

    william Two Time F1 World Champ
    Silver Subscribed

    Jun 3, 2006
    25,447

    And OWING more too !!!
     
  6. Bas

    Bas Four Time F1 World Champ

    Mar 24, 2008
    41,300
    ESP
    Full Name:
    Bas
  7. DF1

    DF1 Two Time F1 World Champ

    Auto Bild lol............................



    Appears un-true now - https://www.espn.co.uk/f1/story/_/id/29236585/mercedes-responds-unfounded-irresponsible-f1-exit-reports

    Mercedes' parent company, Daimler, has denied it is planning to quit Formula One after a speculative report in Germany claimed a plan had been hatched to sell the team to Aston Martin owner Lawrence Stroll next year.

    The report in Auto Bild and on F1insider.com claimed Mercedes team boss Toto Wolff would stand down from his operational role this year, but retain his 30 percent stake in the team as Stroll takes over Daimler's shares. It went on to cite Aston Martin's recent appointment of ex-AMG boss, Tobias Moers, as a crucial link signaling Daimler's intent to trade the Mercedes F1 team for an increased share in Aston Martin, of which it already owns five percent.

    However, within 24 hours of the report going live, Daimler moved to rubbish the story in a statement issued to the media.

    "Speculation regarding a potential withdrawal from Formula One continues to be unfounded and irresponsible," it said. "The sport has taken the right measures to address the consequences of the Covid-19 pandemic and its future financial sustainability, and we welcome these steps.

    "It is our clear intention to continue competing in Formula One as a Mercedes-Benz works team in the years to come, and to do so with our managing partner Toto Wolff."

    It is not the first story to link Aston Martin with Mercedes and Wolff. In addition to Moer's appointment and Stroll's plans to bring the Aston Martin name back to F1 by rebranding his Racing Point team, the speculation has been fuelled by Wolff's recent investment in Aston Martin, which will ultimately represent a 0.95 percent stake in the company. However, Wolff claims the investment is "personal" and has "nothing to do with F1" while, as recently as January, Mercedes denied a different story that claimed it would leave F1.

    Thursday's denial also referenced F1's recently-published plans to introduce a $145 million cost cap for teams next year. While Mercedes initially warned such measures would result in redundancies among F1's bigger teams, Daimler appeared to welcome the news in Thursday's statement, which can be read as further proof of its commitment to F1. It is believed the budget cap, which is due to reduce to $140 million in 2022 and $135 million in 2023, could allow Daimler to break even or even turn a profit on its F1 involvement thanks to reduced costs.
     
  8. DF1

    DF1 Two Time F1 World Champ

    F1 News: Aston Martin won't become 'monster' F1 team - Not a Mercedes property in the future it appears or to be run by Toto...........

    https://www.autosport.com/f1/news/149660/aston-martin-wont-become-monster-f1-team


    Racing Point will not turn into a "monster" Formula 1 team when it becomes the Aston Martin works operation in 2021, according to technical chief Andrew Green.

    Aston Martin will return to the F1 grid in 2021 as a works team following Racing Point owner Lawrence Stroll's investment in the British manufacturer back in January.

    The Racing Point team is currently investing in upgrading its facilities, including the construction of a new factory, after years of financial difficulties under its previous Force India guise.

    But Green stressed the team would not look to expand to the size of some of F1's other big teams, instead preferring to focus on efficiency under the upcoming cost cap.

    "It was one of the first discussions that we had [with Stroll]. 'What do you need? What should we be doing?', with a view to not becoming one of these big monster Formula 1 teams," Green said on F1's Beyond the Grid podcast.

    "[We wanted] to try and maintain the efficiency and the size that we currently have, which we really felt was a proper, sweet spot, as far as a team size is concerned.

    "We don't want to suddenly expand from 450 people to 800-900 people. That was never on the wish list."
     
  9. Remy Zero

    Remy Zero Two Time F1 World Champ

    Apr 26, 2005
    23,319
    KL, Malaysia
    Full Name:
    MC Cool Breeze
    they also sacked Alonso. In my book, the best driver since MS.
     
    stavura and 375+ like this.
  10. Remy Zero

    Remy Zero Two Time F1 World Champ

    Apr 26, 2005
    23,319
    KL, Malaysia
    Full Name:
    MC Cool Breeze
    He did win in a backmarker.
     

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