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Daimler CEO committed to F1, seeks to slash costs


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Filed under: Earnings/Financials,Motorsports,Mercedes-Benz,Emissions

72149230-0e52-11eb-b9ce-5fc96c1d5f91 Mercedes owner Daimler is committed to Formula One but is working to slash costs and cut the environmental impact of motor racing, Chief Executive Ola Kaellenius on Wednesday. "We have as little reason to step out of Formula One 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 co

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Daimler CEO committed to F1, seeks to slash costs originally appeared on Autoblog on Wed, 14 Oct 2020 15:25:00 EDT. Please see our terms for use of feeds.

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