Mercedes to get F1 budget boost for 2013
3 November, 2012
Nov.3 (GMM) Ahead of Lewis Hamilton’s arrival, Mercedes is reportedly preparing to boost the budget of its Formula One team by many millions in an effort to become a front running team.
Bild newspaper said that after slumping in 2012, even after Nico Rosberg’s Shanghai breakthrough, and deciding to replace Michael Schumacher with McLaren’s Hamilton for 2013, the German F1 squad is set to fatten its budget for next year to almost € 200 million.
The report said that would be € 44 million more than Mercedes spent on its Brackley based team this year.
“Under new supervisory board boss Niki Lauda, the austerity measures are apparently ending,” said the German daily newspaper.
Bild said thatMercedes is funding the boosted F1 budget partly by making cuts to its DTM programme, including reducing its number of cars in the touring car series from 8 to 6.
“The (Daimler) group has recognised that, otherwise, it cannot compete,” said the report’s authors.
Mercedes’ Norbert Haug, however, insisted: “There will be no 30 per cent budget increase.”