Thursday, April 9, 2009

Mercedes McLaren F1 Future Remains Uncertain

A horror fortnight for McLaren has been worsened by the revelation that key investor Mercedes-Benz is considering withdrawing from Formula One.


Mercedes’ parent company Daimler has suffered in the wake of the Global Financial Crisis, losing $1 billion a month, prompting the automaker to consider a variety of cost-cutting measures ahead of a shareholders meeting in Stuttgart later this week.



During the Malaysia race weekend, Mercedes-Benz Motorsport Vice President Norbert Haug conceded that the company’s future in Formula One remains uncertain...Continued


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