Jordan's Track Talk

Tag: Toto Wolff

  • Toto Wolff signs new deal until end of 2026

    Toto Wolff, Mercedes’ Team Principal and also owns one-third of the team, will remain in his role until at least the first year of F1’s next big rule change.

    Wolff, INEOS and Mercedes-Benz said the trio decided “let’s do it again” as they plot a way back to the summit of the sport.

    The Austrian has held the team principal role in addition to shareholding at Mercedes since joining from Williams in 2013, which led them to a record eight successive Constructors’ Championships from 2014 to 2021.

    There was some speculation over Wolff’s future in the day-to-day team boss role at Mercedes, but the 52 year old feels he remains the best person for the job.

    Mercedes this year are looking to build on respective P3 and P2 finishes in the 2022 and 2023 constructors’ standings.

    I think the most important thing between the three of us is that we trust each other. At the end of the day, as a shareholder myself, I want the best return on investment. And the best return on investment is winning. I’m not going to try to hang on to a position that I think somebody is going to do better than me. I make sure that I have people around who can tell me otherwise. In the end the three of us decided: ‘Let’s do it again’. I’m part of this team in various functions. I’m a co-shareholder. I’m on the board. These are things which will not change whatever executive, or non-executive, role I have. But I feel good. The risk for me is always more bore-out than burnout. And that’s why I embrace the challenges we have today, even though they sometimes feel very, very difficult to manage.

    Wolff telling the Daily Telegraph.

  • Mercedes want to cut one customer team

    Toto Wolff, has said Mercedes could drop one of their customer engine teams in the future due to the low profit margins.

    Mercedes currently supply to Aston Martin, McLaren and Williams with power units, which makes their engines the most used among the grid ahead of Ferrari whose power units are deployed by three teams.

    The budget cap in Formula 1 has begun to take hold of the teams and cost cutting measures have been taken or are starting to come into play as the affects are being felt.

    As a result of this, Mercedes boss Toto Wolff would prefer to keep their production costs down and letting a customer team go. But Wolff has not gave any indication on who he could be letting go…

    Unfortunately, the business of leasing engines is not compelling and interesting because the FIA have put in a certain limit you can charge to your customers in order to protect the smaller teams. I’d rather have six [customer cars], push the development further down the line and then make two engines fewer, because you need to produce two fewer plus two spares for every team. In an ideal world, I would maybe see us plus two [customers], so actually downsize a bit.

    Toto Wolff talking to Financial Times.