Toto Wolff says Mercedes is “excited and curious” to enter Formula E in 2019 and find out if the championship is “racing” or “more an event” for manufacturers to prove their electric credentials. Mercedes announced in July 2017 it would be joining the Formula E grid from the start of the series’ sixth season in late 2019, joining manufacturers such as Audi, BMW, Porsche and Nissan in the championship. The HWA Racelab team will make its debut in Formula E this weekend ahead of its evolution into the Mercedes works operation for Season 6, with Mercedes head of motorsport Wolff eager to see how the series stacks up as a racing spectacle. “The automotive industry is changing and becoming more electrical, and what Alejandro Agag has done with Formula E and how he has grown it is spectacular,” Wolff [https://www.essentiallysports.com/wolff-praises-bottas-for-role-in-both-championships/] said. Mercedes [http://www.essentiallysports.com/wp-content/uploads/Mercedes-wolff-300x206.jpg]Toto Wolff and Mercedes will be keenly observing HWA’s progress “It’s a laying ground for many OEMs these days, and we benchmarked all the series. We feel that Formula 1 is perfect for us because it’s a global sport, it’s the pinnacle of motor racing, and Formula E somehow represents an exciting start-up. “We don’t know how it goes: is it racing? Is it more an event? But we like what it is today and we are excited and curious to join the series in 2019 and see if we can be successful or not. “It’s about electrification, it’s about being downtown in the cities, attracting new audiences, and having Formula E on one side as an exciting start-up, and on the other side, Formula 1 as our Mercedes-AMG as the global sport, works well for us.” On the subject of Formula E, the season begins in Ad Diriyah in just two days time. Can Sebastien Buemi, Lucas Di Grassi, Nelson Piquet Jr or Jean-Eric Vergne defend their title? Or will we get a new champion? [http://www.essentiallysports.com/wp-content/uploads/DWG_6634-1-300x180.jpg]HWA reveal their season 5 challenger 

Mercedes team principal, Toto Wolff has admitted that the German manufacturer is
interested in seeing how HWA Racelabs progresses in Formula E

Dhruv George is a Senior NASCAR Author at EssentiallySports, with an impressive record of over 14K articles. From F1 driver Pierre Gasly to Moto2 rider Tony Arbolino, Dhruv has interviewed several racers, establishing himself as an authoritative voice in the world of motorsports. He not only writes engaging content but helps connect readers with some of the biggest racing names thanks to his ability to churn out exclusive interviews.

Dhruv's ambition extends beyond writing, as he aspires to host a successful motorsports podcast with some of the biggest stars in the industry, like Kyle Busch and Denny Hamlin. When he's not writing about Stock Car Racing, he can be found reading and writing fan fiction.

Dhruv George

Dhruv George is a Senior NASCAR Author at EssentiallySports, with an impressive record of over 14K articles. From F1 driver Pierre Gasly to Moto2 rider Tony Arbolino, Dhruv has interviewed several racers, establishing himself as an authoritative voice in the world of motorsports. Dhruv's ambition extends beyond writing, as he aspires to host a successful motorsports podcast with some of the biggest stars in the industry, like Kyle Busch.

Dhruv George | Senior NASCAR Author at EssentiallySports

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Dhruv George is a Senior NASCAR Author at EssentiallySports, with an impressive record of over 14K articles. From F1 driver Pierre Gasly to Moto2 rider Tony Arbolino, Dhruv has interviewed several racers, establishing himself as an authoritative voice in the world of motorsports. He not only writes engaging content but helps connect readers with some of the biggest racing names thanks to his ability to churn out exclusive interviews. Dhruv's ambition extends beyond writing, as he aspires to host a successful motorsports podcast with some of the biggest stars in the industry, like Kyle Busch and Denny Hamlin. When he's not writing about Stock Car Racing, he can be found reading and writing fan fiction.

https://image-cdn.essentiallysports.com/wp-content/uploads/Dhruv-George-1-96x96.png

Dhruv George is a senior Formula One and NASCAR analyst for EssentiallySports,
having authored nearly 12000 articles spanning different sports like F1, NASCAR,
Tennis, NFL, and eSports. He graduated with a PG Diploma in Journalism from the
Xavier Institute of Communications. Dhruv has also conducted interviews with F1
driver Pierre Gasly and Moto2 rider Tony Arbolino. He has been an ardent
follower of motorsports sport since 2001, holding Carlos Sainz Jr. and McLaren
in high regard.

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Jaskirat Arora is the Co-Founder &amp; Content Head of EssentiallySports. He developed an avid interest in sports from an early age and actively follows F1, NBA &amp; Tennis.

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Is it Racing? Is it More an Event? – Mercedes

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F1 Archives

LatestF1 - EssentiallySports News | EssentiallySports

[caption id="attachment_502674" align="aligncenter" width="1920"]<img class="size-full wp-image-502674" src="https://image-cdn.essentiallysports.com/wp-content/uploads/20210104143340/2020-12-13T132539Z_345779336_UP1EGCD11ARYN_RTRMADP_3_MOTOR-F1-ABUDHABI.jpg" alt="Mercedes driver Lewis Hamilton during the Abu Dhabi GP practice" width="1920" height="1185" /> Formula One F1 - Abu Dhabi Grand Prix - Yas Marina Circuit, Abu Dhabi, United Arab Emirates - Mercedes' Lewis Hamilton in action during the race Pool via REUTERS/Giuseppe Cacace[/caption]
<h2>Mercedes: 2021 Latest News, Results, Drivers, and Car Updates</h2>
German manufacturing giant, Mercedes-Benz, first got involved in racing back in the 1930s and 1940s. After the Second World War, they returned in 1954, in what is now known as Formula One. However, they pulled out as a manufacturer after 1955, remaining only as a supplier.

The team are commonly referred to as the 'Silver Arrows' due to its distinct and iconic silver livery.

Their exit was a direct response to the 1955 Le Mans Disaster. They would be coaxed back as a constructor, only from 2010 onwards.

The team have announced <a href="https://www.essentiallysports.com/tag/valtteri-bottas/">Valtteri Bottas</a> as their 2021 driver with the other seat yet to be filled, with <a href="https://www.essentiallysports.com/tag/lewis-hamilton/">Lewis Hamilton</a>'s contract being extended as the most probable outcome.
<h2>How much does Mercedes earn from F1?</h2>
Clinching the prized Constructors' Championship entails a lot of prestige, but more importantly, a bigger paycheck. Despite spending an absurd amount of money on car development, it ultimately pays off for Mercedes when they decimate the competition on the track. According to a <a href="https://www.forbes.com/sites/chrissmith/2019/11/26/formula-one-team-values-ferrari-mercedes/#261d6d611ddb" target="_blank" rel="noopener noreferrer">report</a>, the Brackley-based outfit earned a handsome $451 million in revenue for the 2019 season.
<h2>How much is the Mercedes F1 team worth?</h2>
Despite being one of the most successful F1 teams in recent history, the Silver Arrows aren't the most valuable F1 team. The German team lose out to Scuderia Ferrari, which needs no introduction. <a href="https://www.forbes.com/sites/chrissmith/2019/11/26/formula-one-team-values-ferrari-mercedes/" target="_blank" rel="noopener noreferrer">Apparently</a>, Mercedes are valued at a whopping $1,015 million or just over a billion dollars.
<h2><strong>What are Mercedes' on-track a</strong><b>chievements?</b></h2>
During their first two years in Formula One, there was no Constructors' Championship. It was only introduced from 1958 onwards. However, they did win four races out of a nine-race 1954 calendar. Those wins came at the French Grand Prix, the German Grand Prix, the Swiss Grand Prix, and the Spanish Grand Prix.

A year later, they would go on to win five out of seven races. These wins came at Argentina, Belgium, Netherlands, Great Britain, and Italy.

After their return in 2010, there were off to a shaky start, having been away for so long. However, since 2013, things have been picking up, and they began to dominate from 2014, which saw the inception of the turbo-hybrid era in Formula 1.

Mercedes have won every single Drivers' and Constructors' Championship on offer since 2014. The team have won 115 races out of 227 races.

[caption id="attachment_462071" align="aligncenter" width="1920"]<img class="size-full wp-image-462071" src="https://www.essentiallysports.com/wp-content/uploads/2020-11-28T154153Z_153153182_UP1EGBS17LSZK_RTRMADP_3_MOTOR-F1-BAHRAIN.jpg" alt="Mercedes drivers Valtteri Bottas and Lewis Hamilton after the Bahrain GP qualifying" width="1920" height="1289" /> Formula One F1 - Bahrain Grand Prix - Bahrain International Circuit, Sakhir, Bahrain - Mercedes' Lewis Hamilton after qualifying in pole position alongside second placed Mercedes' Valtteri Bottas Pool via REUTERS/Hamad I Mohammed[/caption]
<h2><strong>Who are Mercedes? sponsors?</strong></h2>
Mercedes F1?s title partner is the Malaysian oil and gas company, Petronas. The German team also has a principal partner in the British chemicals company- INEOS.

Other partners include UBS, Epson, Bose, <a href="http://global.tommy.com/india/en/sitecore/content/websites/archives/india/removed-collections/collections/tommyxgigi/15" target="_blank" rel="noopener noreferrer">Tommy Hilfiger</a>, IWC Schaffhausen, Hewlett Packard Enterprise, The Ritz Carlton, Monster Energy, Pure Storage CrowdStrike, TIBCO, and AMD.
<h2>Who owns the Mercedes F1 team?</h2>
So, who are the entities behind one of the most influential Formula 1 team? Turns out Daimler AG, which is the parent organization of the Mercedes Benz road car brand, is the company behind the German F1 team.

Toto Wolff and British Chemical giant Ineos are equal partners in the team.
<h2>Best Moments of Mercedes F1 team</h2>

<h2><strong>Which charities is Mercedes involved with?</strong></h2>
The team have lent their support to two main charities. In 2015, they chose the Air Ambulance Services and the Muscle Help Foundation.

Following the coronavirus pandemic, the team <a href="https://www.crash.net/f1/news/937793/1/mercedes-f1-drivers-race-suits-be-auctioned-nhs" target="_blank" rel="noopener noreferrer">auctioned off</a> Valtteri Bottas' and Lewis Hamilton's race suits to raise money for NHS charities.
<table>
<tbody>
<tr>
<td width="301"><strong>Founded</strong></td>
<td width="301">1926</td>
</tr>
<tr>
<td width="301"><strong>Owner</strong></td>
<td width="301">Mercedes Benz</td>
</tr>
<tr>
<td width="301"><strong>Constructors Championships</strong></td>
<td width="301">7</td>
</tr>
<tr>
<td width="301"><strong>Drivers Champion</strong></td>
<td width="301">Juan Manuel Fangio, Nico Rosberg, Lewis Hamilton</td>
</tr>
<tr>
<td width="301"><strong>Drivers Championships</strong></td>
<td width="301">9</td>
</tr>
<tr>
<td width="301"><strong>Prize Money Won</strong></td>
<td width="301">177 Million</td>
</tr>
<tr>
<td width="301"><strong>Base</strong></td>
<td width="301">Brackley</td>
</tr>
<tr>
<td width="301"><strong>Official website</strong></td>
<td width="301"><a href="https://www.mercedesamgf1.com/en/">https://www.mercedesamgf1.com/en/</a></td>
</tr>
<tr>
<td width="301"><strong>Race drivers</strong></td>
<td width="301">Valtteri Bottas, TBA</td>
</tr>
<tr>
<td width="301"><strong>Test drivers</strong></td>
<td width="301">TBA</td>
</tr>
</tbody>
</table>

Mercedes

Formula One F1 &#8211; Abu Dhabi Grand Prix &#8211; Yas Marina Circuit, Abu Dhabi, United Arab Emirates &#8211; Mercedes&#8217; Lewis Hamilton in action during the race Pool via REUTERS/Giuseppe Cacace Mercedes: 2021 Latest News, Results, Drivers, and Car Updates German manufacturing giant, Mercedes-Benz, first got involved in racing back in the 1930s and 1940s. After the Second World War, they returned in 1954, in what is now known as Formula One. However, they pulled out as a manufacturer after 1955, remaining only as a supplier. The team are commonly referred to as the &#8216;Silver Arrows&#8217; due to its distinct and iconic silver livery. Their exit was a direct response to the 1955 Le Mans Disaster. They would be coaxed back as a constructor, only from 2010 onwards. The team have announced Valtteri Bottas as their 2021 driver with the other seat yet to be filled, with Lewis Hamilton&#8216;s contract being extended as the most probable outcome. How much does Mercedes earn from F1? Clinching the prized Constructors&#8217; Championship entails a lot of prestige, but more importantly, a bigger paycheck. Despite spending an absurd amount of money on car development, it ultimately pays off for Mercedes when they decimate the competition on the track. According to a report, the Brackley-based outfit earned a handsome $451 million in revenue for the 2019 season. How much is the Mercedes F1 team worth? Despite being one of the most successful F1 teams in recent history, the Silver Arrows aren&#8217;t the most valuable F1 team. The German team lose out to Scuderia Ferrari, which needs no introduction. Apparently, Mercedes are valued at a whopping $1,015 million or just over a billion dollars. What are Mercedes&#8217; on-track achievements? During their first two years in Formula One, there was no Constructors&#8217; Championship. It was only introduced from 1958 onwards. However, they did win four races out of a nine-race 1954 calendar. Those wins came at the French Grand Prix, the German Grand Prix, the Swiss Grand Prix, and the Spanish Grand Prix. A year later, they would go on to win five out of seven races. These wins came at Argentina, Belgium, Netherlands, Great Britain, and Italy. After their return in 2010, there were off to a shaky start, having been away for so long. However, since 2013, things have been picking up, and they began to dominate from 2014, which saw the inception of the turbo-hybrid era in Formula 1. Mercedes have won every single Drivers&#8217; and Constructors&#8217; Championship on offer since 2014. The team have won 115 races out of 227 races. Formula One F1 &#8211; Bahrain Grand Prix &#8211; Bahrain International Circuit, Sakhir, Bahrain &#8211; Mercedes&#8217; Lewis Hamilton after qualifying in pole position alongside second placed Mercedes&#8217; Valtteri Bottas Pool via REUTERS/Hamad I Mohammed Who are Mercedes? sponsors? Mercedes F1?s title partner is the Malaysian oil and gas company, Petronas. The German team also has a principal partner in the British chemicals company- INEOS. Other partners include UBS, Epson, Bose, Tommy Hilfiger, IWC Schaffhausen, Hewlett Packard Enterprise, The Ritz Carlton, Monster Energy, Pure Storage CrowdStrike, TIBCO, and AMD. Who owns the Mercedes F1 team? So, who are the entities behind one of the most influential Formula 1 team? Turns out Daimler AG, which is the parent organization of the Mercedes Benz road car brand, is the company behind the German F1 team. Toto Wolff and British Chemical giant Ineos are equal partners in the team. Best Moments of Mercedes F1 team Which charities is Mercedes involved with? The team have lent their support to two main charities. In 2015, they chose the Air Ambulance Services and the Muscle Help Foundation. Following the coronavirus pandemic, the team auctioned off Valtteri Bottas&#8217; and Lewis Hamilton&#8217;s race suits to raise money for NHS charities.  Founded 1926  Owner Mercedes Benz  Constructors Championships 7  Drivers Champion Juan Manuel Fangio, Nico Rosberg, Lewis Hamilton  Drivers Championships 9  Prize Money Won 177 Million  Base Brackley  Official website https://www.mercedesamgf1.com/en/  Race drivers Valtteri Bottas, TBA  Test drivers TBA

Mercedes Archives

LatestMercedes - EssentiallySports News | EssentiallySports

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Mercedes team principal, Toto Wolff has admitted that the German manufacturer is interested in seeing how HWA Racelabs progresses in Formula E

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EXCITING STARTUP: Mercedes Yet Not Sure Formula E Real Racing or a Mere 'Event'

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Formula E

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Formula E Archives - EssentiallySports

Mercedes Archives - EssentiallySports

[caption id="attachment_506620" align="alignnone" width="1920"]<img class="size-full wp-image-506620" src="https://image-cdn.essentiallysports.com/wp-content/uploads/20210107172912/GettyImages-1145223856.jpg" alt="Toto Wolff during a press conference" width="1920" height="1280" /> BAKU, AZERBAIJAN - APRIL 26: Mercedes GP Executive Director Toto Wolff talks in the Team Principals Press Conference during practice for the F1 Grand Prix of Azerbaijan at Baku City Circuit on April 26, 2019 in Baku, Azerbaijan. (Photo by Dan Istitene/Getty Images)[/caption]
<h2><strong>Toto Wolff: 2021 Net worth, salary and endorsements</strong></h2>
Toto Wolff functions in the capacity of the Team Principal to the <a href="https://www.essentiallysports.com/category/f1/mercedes">Mercedes AMG Petronas Formula One</a> team. The Austrian joined the team in 2014 and has been with them ever since.

Wolff started his motorsport career in 1992 in the Austrian Formula Ford Championship. 2 years later, he won the 24 Hours N?rburgring in his category. Wolff even racked up a few wins here and there, in the FIA GT Championship and in the Italian GT Championship.

Wolff currently resides with his second wife, the Scottish racer, Susie Wolff. The two have a child together, in addition to two children from Toto's previous marriage to Stephani.

Wolff has two residences in the UK and Switzerland in Oxfordshire and Ermatingen, respectively.

<strong>READ MORE-</strong> <a href="https://www.essentiallysports.com/f1-news-toto-wolff-everything-we-know-about-his-wife-children-and-personal-life/" target="_blank" rel="noopener noreferrer" data-wpel-link="internal">Toto Wolff: Everything We Know About His Wife, Children and Personal Life</a>
<h2>Toto Wolff stats</h2>
Other accolades to his name are a runner-up in the Austrian Rally Championship in 2006, and the top spot in the 24-hour race in Dubai. In 2009, he also became a lap-record holder on the N?rburgring Nordschleife in a Porsche RSR.

After retirement, Wolff focused heavily on investment, even <a href="https://www.mercedesamgf1.com/en/team/management/toto-wolff/" target="_blank" rel="noopener noreferrer">founding</a> two companies. Both companies primarily focused on investments in the internet and technology sector.

However, from 2003 onwards Wolff concentrated on strategic investments in medium-sized industrial and listed companies. Some Investments include the German HWA AG that runs the Deutsche Tourenwagen Masters race program for Mercedes-Benz.

Other investments include BRR Rallye Racing, one of the largest rally parts dealers in Europe. Wolff is also <a href="https://www.mercedesamgf1.com/en/team/management/toto-wolff/" target="_blank" rel="noopener noreferrer">co-owner</a> of a racing driver management company with former F1 champion Mika H?kkinen.
<h2>Toto Wolff's 2021 Net Worth</h2>
His net worth is believed to be nearly <a href="https://www.handelszeitung.ch/people/toto-wolff" target="_blank" rel="noopener noreferrer">$580 million</a> (approximately).

As a Team Principal, Toto Wolff reportedly earns ?8 million a year. At least, according to Austria?s Osterreich?newspaper.

After joining Mercedes, he acquired a 30% stake in Mercedes-Benz Grand Prix Ltd.
<h2><b>Toto Wolff?s endorsements</b></h2>
As mentioned before, Toto Wolff has various investments. These include a share in the <a href="https://www.essentiallysports.com/category/f1/williams/">Williams</a> F1 Team and even the Mercedes team itself.
<h2>Best Moments of Toto Wolff</h2>

<h2><strong>Toto Wolff: Foundations and charity work</strong></h2>
Wolff is <a href="http://marybendetfoundation.com/about-us/" target="_blank" rel="noopener noreferrer">Vice Chairman</a> of the Mary Bendet Foundation, founded in memory of a school friend who was a role model for a generation of friends. The Foundation strives to make life better for children who are underprivileged.

Its projects include improving living conditions in day-care centers, dormitories, and playgrounds, creating joyful environments such as rehearsal studios, supporting talent by sponsoring scholarships, and inaugurating centers for blind and handicapped children to better prepare them for life.
<h2>How to contact Toto Wolff</h2>
Unfortunately, there is no easy way to get in touch with Toto Wolff. Wolff does not have an official website, and the same applies to his social media.
<table width="549">
<tbody>
<tr>
<td width="319"><strong>Age</strong></td>
<td width="319">49</td>
</tr>
<tr>
<td width="319"><strong>Marital Status</strong></td>
<td width="319">Married</td>
</tr>
<tr>
<td width="319"><strong>Spouse</strong></td>
<td width="319">Susie Wolff</td>
</tr>
<tr>
<td width="319"><strong>Residence</strong></td>
<td width="319">Oxfordshire, England? Ermatingen, Switzerland</td>
</tr>
<tr>
<td width="319"><strong>Nationality</strong></td>
<td width="319">Austrian</td>
</tr>
<tr>
<td width="319"><strong>Endorsements</strong></td>
<td width="319">Mercedes, Williams</td>
</tr>
<tr>
<td width="319"><strong>Height</strong></td>
<td width="319"><a href="https://twitter.com/Susie_Wolff/status/617706515223445504" target="_blank" rel="noopener noreferrer">1.96m</a></td>
</tr>
<tr>
<td width="319"><strong>Children</strong></td>
<td width="319">3</td>
</tr>
<tr>
<td width="319"><strong>Ethnicity</strong></td>
<td width="319">White</td>
</tr>
<tr>
<td width="319"><strong>?Championships</strong></td>
<td width="319">0</td>
</tr>
</tbody>
</table>

Toto Wolff

BAKU, AZERBAIJAN &#8211; APRIL 26: Mercedes GP Executive Director Toto Wolff talks in the Team Principals Press Conference during practice for the F1 Grand Prix of Azerbaijan at Baku City Circuit on April 26, 2019 in Baku, Azerbaijan. (Photo by Dan Istitene/Getty Images) Toto Wolff: 2021 Net worth, salary and endorsements Toto Wolff functions in the capacity of the Team Principal to the Mercedes AMG Petronas Formula One team. The Austrian joined the team in 2014 and has been with them ever since. Wolff started his motorsport career in 1992 in the Austrian Formula Ford Championship. 2 years later, he won the 24 Hours N?rburgring in his category. Wolff even racked up a few wins here and there, in the FIA GT Championship and in the Italian GT Championship. Wolff currently resides with his second wife, the Scottish racer, Susie Wolff. The two have a child together, in addition to two children from Toto&#8217;s previous marriage to Stephani. Wolff has two residences in the UK and Switzerland in Oxfordshire and Ermatingen, respectively. READ MORE- Toto Wolff: Everything We Know About His Wife, Children and Personal Life Toto Wolff stats Other accolades to his name are a runner-up in the Austrian Rally Championship in 2006, and the top spot in the 24-hour race in Dubai. In 2009, he also became a lap-record holder on the N?rburgring Nordschleife in a Porsche RSR. After retirement, Wolff focused heavily on investment, even founding two companies. Both companies primarily focused on investments in the internet and technology sector. However, from 2003 onwards Wolff concentrated on strategic investments in medium-sized industrial and listed companies. Some Investments include the German HWA AG that runs the Deutsche Tourenwagen Masters race program for Mercedes-Benz. Other investments include BRR Rallye Racing, one of the largest rally parts dealers in Europe. Wolff is also co-owner of a racing driver management company with former F1 champion Mika H?kkinen. Toto Wolff&#8217;s 2021 Net Worth His net worth is believed to be nearly $580 million (approximately). As a Team Principal, Toto Wolff reportedly earns ?8 million a year. At least, according to Austria?s Osterreich?newspaper. After joining Mercedes, he acquired a 30% stake in Mercedes-Benz Grand Prix Ltd. Toto Wolff?s endorsements As mentioned before, Toto Wolff has various investments. These include a share in the Williams F1 Team and even the Mercedes team itself. Best Moments of Toto Wolff Toto Wolff: Foundations and charity work Wolff is Vice Chairman of the Mary Bendet Foundation, founded in memory of a school friend who was a role model for a generation of friends. The Foundation strives to make life better for children who are underprivileged. Its projects include improving living conditions in day-care centers, dormitories, and playgrounds, creating joyful environments such as rehearsal studios, supporting talent by sponsoring scholarships, and inaugurating centers for blind and handicapped children to better prepare them for life. How to contact Toto Wolff Unfortunately, there is no easy way to get in touch with Toto Wolff. Wolff does not have an official website, and the same applies to his social media.  Age 49  Marital Status Married  Spouse Susie Wolff  Residence Oxfordshire, England? Ermatingen, Switzerland  Nationality Austrian  Endorsements Mercedes, Williams  Height 1.96m  Children 3  Ethnicity White  ?Championships 0