Mercedes has reaffirmed its long-standing commitment to Formula 1, ascribing this decision to the development of environmental technologies and the sport’s growing popularity.
The Mercedes team is equally owned by Daimler parent company chief Toto Wolff and British billionaire Jim Ratcliffe’s chemical company Ineos. Despite the team currently in trouble, Mercedes is ready to drive long-term in Formula 1, Ola Kalenius confirmed at the Financial Times Future of the Car Summit.
Ola CalleniusCEO of Daimler AG: “Climate change is one of the main reasons why Mercedes is participating in Formula 1. We have decided to embark on the path of decarbonisation – and in this we are in full solidarity with Formula 1.
In the next regulations on engines, the hybrid part will play a much greater role, there is a clear vector for the CO2 neutrality of Formula 1. The combustion engine remains, but becomes a laboratory for the development of fuels that do not emit CO2 at combustion, which is important for the automotive and aerospace industries.
We’re not there yet that you can run races on battery power alone. Formula 1 has to put on a show, so it is necessary to follow the path of decarbonisation. Battery technology is not perfect yet. But if we do it without CO2 and put more emphasis on the hybrid part, Formula 1 will remain relevant, so we will stay.
The Drive to Survive series played a major role. We are happy to be a part of this show and use Formula 1 to develop technology and marketing. We think Formula 1 has a bright future.”
Source: F1 News
I’m Todderic Kirkman, a journalist and author for athletistic. I specialize in covering all news related to sports, ranging from basketball to football and everything in between. With over 10 years of experience in the industry, I have become an invaluable asset to my team. My ambition is to bring the most up-to-date information on sports topics around the world.
