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Lewis Hamilton and Toto Wolff, Mercedes 2021 contract talks - Formula1news.co.uk

Ineos May Intervene To Ensure Lewis Hamilton Stays With Mercedes

Mercedes and Lewis Hamilton are yet to ink a new contract which will see them continue to race together in 2021 and beyond, but a breakthrough could be on the horizon according to reports from Italy. Last week, the Rome-based Corriere dello Sport newspaper reported that Daimler, Mercedes’ parent company, had blocked a $50 million

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Lewis Hamilton and Daimler boss in 2019 - Formula1News.co.uk

Daimler Reportedly Blocked $50mn Per Year Lewis Hamilton Deal

Daimler, the parent company of Mercedes and a shareholder of the Silver Arrows, reportedly blocked a new $50 million per year deal that Lewis Hamilton was set to sign during the 2020 F1 season. “In November, when Formula 1 went to Turkey, a contract was ready that meets Hamilton’s requirements: a four-year contract with a

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Wolff Signs 3-Year Deal As Ineos Purchases Stake In Mercedes F1 Team

British multi-national petrochemicals company Ineos has acquired a significant stake in the Mercedes F1 Team, while Toto Wolff has agreed to stay on as team principal and CEO for another three years and has increased his shareholding in the team. Under the new ownership structure, the Mercedes F1 Team is equally owned by Daimler, Ineos

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Mercedes Keen To Avoid One-Year Extension With Lewis Hamilton

Mercedes team principal Toto Wolff has said they are looking to avoid agreeing a one-year contract extension with Lewis Hamilton, as that would mean they’d need to go through the negotiating process all over again next year. “We are in a new world and COVID really has changed the way we do business and the

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Daimler To ‘Aggressively’ Cut Mercedes F1 Team’s Budget

Daimler CEO Ola Kaellenius has announced that they are planning to slash the budget of the Mercedes F1 Team, but he reaffirmed their commitment to Formula One. Speaking at a virtual roundtable event with reporters earlier this week, the CEO of the Mercedes F1 Team’s parent company said: “We have as little reason to step

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