(Motorsport-Total.com) – Toto Wolff’s contract as team boss of Mercedes in Formula 1 expires at the end of 2020. Whether he stays in this position is currently in the stars. Also because it is not just about agreeing on a contract extension. But because he also has a 30 percent stake in the Silver Arrow team – and the Daimler Group has not yet decided whether he will even be running Grand Prix Sport beyond 2020 with his own factory racing team.
© LAT
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Toto Wolff has invested more than 40 million euros in Aston Martin shares zoom
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“I am together, now without Niki (Lauda; editor’s note), alone with Mercedes partner of the team. It is not only about whether I am now extending my contract as team manager, but also what we will continue with this joint company We are currently discussing that, “explains the Austrian in an interview with the ‘ORF’.
In the middle of April, Wolff took over a share package worth over 40 million euros in the British sports car manufacturer Aston Martin. For many a signal that he is already building an exit scenario, Mercedes should not continue in Formula 1.
The 48-year-old denies that. His involvement with Aston Martin (where his friend Lawrence Stroll only took command at the beginning of this year) does not necessarily go hand in hand with Mercedes – after all, the Daimler group also has a stake in Aston Martin.
Wolff himself says about Aston Martin: “This is a purely financial investment. The way I have done it again and again. I believe in the brand and believe in a long-term strategy that will either prove to be true over several years or not. But it is actually a diversification of investments. Has nothing to do with my operational activities. “
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