Mercedes insists it is committed to F1 despite a disappointing season during 2010.

Having purchased the title winning Brawn GP outfit, Mercedes was hoping to fight for the championship crown but was unable to battle the likes of Red Bull and Ferrari for honours and had to settle for fourth in the constructors' championship.

On his return to F1, seven-time champion Michael Schumacher failed to make it onto the podium but despite a challenging year, Daimler CEO Dieter Zetsche insisted there was no doubt that Mercedes would continue.

"We have been in F1 for some time and we're staying there for the longer term," he told the DPA news agency. "We don't want to be deciding each year whether we are in or out. And we didn't sign a one-year contract with Michael Schumacher, we signed for three years.

"On the one hand, we can't have expected more as a newly formed team. We would not have complained if we had won the championship, of course, but it wasn't a realistic expectation."

However, Zetsche added that Mercedes was targeting more success in 2011 as it seeks to get back into title contention.

"It is clear that the public, and also ourselves, expect us to be looking better than this year," he said. "One must, however, accept that in F1 - and in sport more generally - success is not reliably predictable. Otherwise, it would be dead boring."

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