News Details
Mercedes rejects push for F1 withdrawal
18 February, 2013 Mercedes trucks at Jerez testing
Mercedes has slammed increasing reports that some of its shareholders want the German marque to pull out of Formula 1.
The Frankfurter Allgemeine Zeitung newspaper has quoted two such shareholders – Michael Muders of the fund manager Union, and Henning Gebhardt, of DWS – as criticising Mercedes' expanding push for F1 success.
'Mercedes has been behind for years, without consequence,' said Muders. 'But formula one is expensive and brings nothing to the (Daimler) group.'
Gebhardt added: 'Formula one no longer enhances the image (of Mercedes), especially if we are in countries criticised of human rights violations.'
But...
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13y ago from YallaF1.com
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