Is there a Mercedes F1 team?
Mercedes-Benz, a German luxury automotive brand of the Mercedes-Benz Group, has been involved in Formula One as both team owner and engine manufacturer for various periods since 1954. The current Mercedes-AMG Petronas F1 Team is based in Brackley, England, and holds a German racing licence. Since 2013, Wolff has served as team principal, CEO and co-owner of Mercedes in Formula One, winning eight consecutive World Constructors’ Championship titles from 2014 to 2021; he also served as director and CEO of Mercedes-EQ in Formula E, winning two Formula E World Teams’ Championship titles.Toto Wolff is the richest F1 team principal on the 2025 grid. In April 2023, Forbes listed the Mercedes CEO and team principal as having become a billionaire, making it onto the official Sports Billionaires list for the first time.
How much does a Mercedes F1 car cost?
The exact cost of an F1 car is tricky to confirm, but they come to an average sum of roughly US$16 million each, according to RTR Sports. According to data analysed by the digital platform Sportico, Ferrari tops the list with an estimated valuation of 4. Mercedes (3. Red Bull Racing (3.
Why is BMW no longer in F1?
Combined with the global financial recession and the company’s frustration about the limitations of the contemporary technical regulations in developing technology relevant to road cars, BMW chose to withdraw from the sport, selling the team back to its founder, Peter Sauber. Combined with the global financial recession and the company’s frustration about the limitations of the contemporary technical regulations in developing technology relevant to road cars, BMW chose to withdraw from the sport, selling the team back to its founder, Peter Sauber.