daimler

Toto Wolff will stay on as Mercedes F1 Team Principal for another three seasons as he and chemicals giant take one-third stake in outfit together with Daimler

Toto Wolff has described rumours that he could leave his role at the Mercedes Formula 1 team as “nonsense”, as he reiterated his intention to remain at the world champion outfit.

Mercedes and its parent company, Daimler, have denied “unfounded and irresponsible” reports that it is planning to quit Formula 1.

Mercedes F1 boss Toto Wolff confirms that the team is leaning on parent company Daimler in a bid to cure its poor race starts.

Ross Brawn's contribution to Mercedes' F1 programme has been lauded by both Niki Lauda and Dieter Zetsche after the Briton confirmed his imminent exit from the team.

Mercedes confirms details of Toto Wolff's new position at the head of its motorsport arm

Mercedes F1 are hoping for a big budget increase for next season, with reports suggesting that they will get almost a third more in order to back Lewis Hamilton's arrival.

Ross Brawn should go into the 2011 F1 season with a smile on his face whatever Mercedes GP's on-track woes following last week's buy-out by Daimler and Aabar.

Daimler AG chairman Dieter Zetsche has confirmed that Ross Brawn will be at liberty to decide as to whether there is a hierarchy between Michael Schumacher and Nico Rosberg at Mercedes Grand Prix in F1 2010

McLaren confirms that it is to buy back the 40 per cent stake currently owned by Mercedes-Benz as the German manufacturer switches camps to Brawn GP - but the engine supply deal will continue