Only by a narrow margin was Mercedes-Benz's continued presence in Formula One approved by the marque's parent board, a report on Sunday claimed.

The German news magazine Focus said Dieter Zetsche, Daimler AG Chief Executive, recently asked the management board to vote on whether Mercedes should prolong its 13-year collaboration with 2008 drivers' world champions McLaren.

Mercedes-Benz is currently McLaren's largest shareholder, and has supplied works engines to the Woking-based team since 1995.

Amid the global financial crisis, speculation continues that other carmakers will follow Honda in withdrawing from the expensive sport.

Focus claims that the management board's vote tallied three votes to two, meaning that for now Daimler AG remains committed to Formula One.


The same magazine, however, said BMW might rethink its BMW Sauber-branded F1 programme upon completion of the quest to win the title, theoretically at the end of this year.

F1 Chief Executive Bernie Ecclestone recently said he is pressing for the manufacturers to commit contractually to the sport long-term.

Source: GMM
© CAPSIS International

 

Wow, this is big, big news! I really hope MB can continue a partnership with McLaren even though there is no link with their roadcars once the SLR goes out of production in the next year or two. McLaren, Williams and Sauber could all get away with it if their automotive sponsors pulled out, given there previous histories without automotive sponsors in the past.

 

glad they didnt over react, this isnt great depression 2.0; its a recession that will be over eventually.