P1racenews AI automatic summary:
Toto Wolff has reportedly signed a new three-year deal with Mercedes to remain their F1 team principal.
According to The Telegraph, Toto Wolff will continue as the head of the Mercedes F1 team until the end of 2026. He has achieved remarkable success since joining Mercedes in 2013, winning seven drivers’ championships and eight constructors’ championships. However, Mercedes has faced a decline in performance in the past two years, with only one race win since 2022. Despite this, Wolff remains motivated to bring Mercedes back to the forefront of F1. He emphasized the importance of trust among the team’s shareholders and their collective aim to achieve the best return on investment, which is winning races. Wolff’s contract does not include performance clauses, as he believes in the mutual trust and alignment among the shareholders. Although the challenges can be difficult to manage, Wolff feels good and continues to embrace them.
