Mercedes may soon expand its motor racing identity according to Mercedes F1 Team Principal Toto Wolff.  Currently, Mercedes only competes in Formula One and Formula E as a team. However, with the recent approval of the new budget cap in F1, the Silver Arrows may have to cut down on cost and layoff employees or reintegrate them into other motorsports.

With Ferrari also faced with the task of redeploying their employees elsewhere, Ferrari is looking to enter IndyCar racing. Something similar is also in mind for Mercedes.

“Mercedes will look at other race car categories” – Wolff

The Mercedes F1 boss, Toto Wolff spoke to GP FANS. regarding the new budget cap rules, he said, “We are living in a financial reality that is very different to pre-COVID, and we have excepted the lower budget cap because it is a must that successful Formula 1 franchises actually earn money than lose money.”

Trending

Daniel Ricciardo To Be Replaced by Liam Lawson After Miami, F1 Pundit Dishes Out Harsh Verdict After Australian’s “Amateur Mistake”

April 17, 2024 11:14 AM EDT

Max Verstappen Sabotaged Daniel Ricciardo’s Only Chance of Getting the Red Bull Seat for 2025

April 21, 2024 11:59 AM EDT

F1 Rumor: Christian Horner and Wife Geri to Publicly Reveal All Details on Leaked Chat Scandal

April 22, 2024 04:10 PM EDT

Carlos Sainz Blames Charles Leclerc for Causing Fred Vasseur’s Painful Chinese GP Loss

April 21, 2024 12:23 PM EDT

Ferrari F1 News: Carlos Sainz Pushed Away From Audi as “Difficult” Period Approaches After Contract Pressure

April 23, 2024 12:28 PM EDT

Get instantly notified of the hottest F1 stories via Google! Click on Follow Us and Tap the Blue Star.

Follow Us

Additionally, he said, “For us, it is also a way that Daimler not only appreciates the sporting and marketing benefits of the platform but also to make it as cost-neutral as possible. I believe this is why we just need to support such a cost cap.”

Furthermore, he said, “Who knows, maybe we will look at other race-car categories in order to keep the resource and keep the human resource and keep the intellectual property rights within Daimler, within Mercedes.”

Outside of Formula One, Mercedes had previously participated in other motorsports. In 1952 they participated in and won the 24 Hours of Le Mans. They were also the engine supplier for the very successful Penske IndyCar team in 1994. Mercedes had also taken part in the V8 supercars championship between 2013 to 2015. They have also participated in the Deutsche Torenwagen Masters and currently have a factory team in Formula E as well. So entering into another motorsports field won’t be an uncharted part for Mercedes.

However, for now, the attention of both the team and Toto Wolff will be on the upcoming F1 season. The Silver arrows will be targeting a seventh consecutive constructors’ championship.