Mercedes-Benz Worldwide

Menu
  • News
  • A-Class
  • B-Class
  • C-Class
  • E-Class
  • S-Class
  • G-Class
  • V-Class
  • X-Class
  • T-Class
  • CLA
  • CLE
  • CLS
  • CLK
  • GLA
  • GLB
  • GLC
  • GLE
  • GLS
  • SL
  • SLC
  • Citan
  • Sprinter
  • AMG GT
  • Maybach
  • EQ
  • Unimog
  • Trucks
  • F1
  • Concept Car

Toto Wolff Signs 3 Years Deal With Mercedes And Ineos

Mercedes-Benz | Mercedes-AMG 21/12/2020 4 Comments
Mercedes-Benz | Mercedes-AMG
Click to rate this post
[Total: 1 Average: 5]

Toto Wolff signs a 3-year deal with Mercedes. Furthermore, INEOS becomes the third equal shareholder, together with Daimler and the Austrian investor.
 

Daimler is thus reducing its share in the team from 60%. Meanwhile, Toto Wolff is increasing his from his current 30. Each of the three shareholders will own 33,33% of the team.
 
Mercedes has won seven Constructors’ Championships and seven Drivers Championships since its return in Formula 1, in 2010. Back then it was its first participation as a works team since 1955. Toto Wolff found a team that was underfinanced and had great expectations and changed everything around. Today, Mercedes enjoys the support of loyal and prestigious partners, receiving strong commercial revenues. “We are almost profitable”, Wolff claims.
 
Starting next year, with the new financial regulations in force, the Formula 1 team will work closer with the Mercedes-AMG division in Affalterbach. Furthermore, they have already begun to diversify through its new business Applied Science division.
 
The team will continue to use power units and chassis developed by Mercedes.
 
Toto Wolff stays with the team despite rumors of separation
Despite rumors that referred to his departure, Toto Wolff will continue in his role as Team Principal and CEO. He signed of the motorsport division for a further three years. Daimler announces that he will have the opportunity to transition to a new executive position within the organization when he decides it is the right time to do so.
 
“I am pleased to begin this new chapter for the Mercedes-AMG Petronas F1 Team. This team is like a family for me. We have been through so many highs and lows together that I cannot imagine working with a better group of people in this sport. I am very happy to continue together into this new era. It is a privilege to continue my partnership with Ola Kalenius, Markus Schäfer and Mercedes-Benz for the coming years”, is the conclusion of Toto Wolff, Team Principal and CEO.
 
The Austrian has one more worry for the end of the year. Lewis Hamilton has not signed a deal with Mercedes and his contract expires at the end of 2020. But, considering his friendship with Toto Wolff, putting his signature on a contract with the team seems to be only a matter of time.

Share this ↓

Related posts :

  1. Mercedes F1 boss Toto Wolff has taken a stake in Aston Martin
  2. Lewis Hamilton Became The First F1 Driver To Take 100 Pole Positions
  3. Mercedes-Benz Is In Hot Water In Australia
  4. Mercedes-Benz Dieselgate Nightmare Revisited
  5. The List Of Mercedes New Models In 2022
  6. Mercedes-Benz Offers Cool Gift Suggestions For Christmas
  7. Mercedes-Benz Bodywork With Ford V8-Powered 509-HP
  8. Mercedes Issue One Hot Recall Stateside For More Models Than This Title Can Fit
  9. Mercedes-Benz Recalling A Bunch Of Cars And SUVs Over A Fire Threat
  10. Mercedes-Benz Draws Backlash In China
  11. Mercedes 848,517 Vehicles Recalled Worldwide
  12. Mercedes-Benz Fined 20.2 Billion Won In South Korea
  13. Mercedes Is Paying Dealers To Sell More AMG Models
  14. Reason To Choose Mercedes-Benz It’s A Family Car
  15. Mercedes-Benz widens lead in U.S. luxury race
  16. Mercedes Design Chief Would Like To Make The Marque The Most Loved Lifestyle Brand
  17. Mercedes Paying $3B To Settle US Diesel Emissions
  18. Mercedes had come up with its ingenious dual-axis steering system
  19. Mercedes-Benz will present on our way to a hydrogen future
  20. Mercedes-Benz Will Retire Manual Gearbox In Their Cars
Prev Article
Next Article

4 Comments

    « Older Comments
  1. 서귀포출장마사지

    This article resonated with me on a personal level. Your ability to connect with your audience emotionally is commendable. Your words are not only informative but also heartwarming. Thank you for sharing your insights.

    22/09/2023
  2. « Older Comments

Leave a Reply

Cancel reply

Google Translate

Recent Posts

  • 2024 Mercedes G-Class Facelift Tremendous Reduction In Fuel Consumption
  • Mercedes-Benz 280 S From King Of Sweden Up For Sale
  • Mercedes-Benz Sprinter Ultimate Luxury Stealth Camper Van Conversion
  • Mercedes-AMG CLE 63 Coupe Silently Cruising In Traffic
  • 2024 Mercedes-Benz EQE 350 SUV Interior Review
  • 2024 Mercedes CLA Will Come With A Choice Of Electric Or Combustion Powertrains
  • 2024 Mercedes-Benz CLE Coupe E With The Soul Of C
  • Mercedes-AMG SL 65 Black Series Is Peak AMG Madness
  • 2024 Mercedes-Benz GLE SUV Still A Star Contender
  • 2024 Mercedes-Benz GLS SUV Style & Supersized
  • 2024 Mercedes-AMG SL 63 Power & Prestige
  • Mercedes-Benz E-Class W124 KW Reveals Modern Multi-Adjustable Suspension
  • Mercedes Sprinter Airstream Interstate 19X Off-Road Motorhome
  • Golfer Being Denied Mercedes E-Class Prize For Hitting Hole-In-One
  • Mercedes CLS Driver Flees Traffic Stop Dragging Trooper Like A Ragdoll
  • Mercedes-Benz G-Class Ute Up For Grabs In Melbourne
  • 2024 Mercedes-Benz V-Class Geotrek By Van Sports
  • Mercedes-AMG G 63 IWC Schaffhausen The Big Pilot’s Watch
  • Mercedes-Benz 300 SL Roadster Auctioned At Bonhams
  • 2024 Mercedes-Benz A 200 Sedan AMG Line Road Tested

Categories

  • A-Class
  • AMG GT
  • B-Class
  • C-Class
  • Citan
  • CLA
  • CLE
  • CLK
  • CLS
  • Concept Car
  • E-Class
  • EQ
  • F1
  • G-Class
  • GLA
  • GLB
  • GLC
  • GLE
  • GLS
  • Maybach
  • News
  • S-Class
  • SL
  • SLC
  • Sprinter
  • T-Class
  • Trucks
  • Unimog
  • V-Class
  • X-Class

Mercedes-Benz Worldwide

Copyright © 2023 Mercedes-Benz Worldwide