Mercedes owner Daimler is committed to Formula 1 but is working to slash costs and cut the environmental impact of motor racing, Chief Executive Ola Kaellenius confirmed on Wednesday. 'We have as little reason to step out of Formula 1 as Bayern Munich has to step out of football,' he said during a virtual roundtable discussion with journalists on Wednesday. The carmaker is developing a plan to make the sport emissions neutral, including through the use of synthetic fuels, and wants to improve the costs of competing in motor racing. 'The net financial impact will be halved in the next three years. We have an even more aggressive cost reduction target in Formula 1 than for the rest of the...
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