P1racenews AI automatic summary:
Wolff commits to new Mercedes F1 contract with no performance clauses
In an interview with The Daily Telegraph, Toto Wolff revealed that he has agreed to a new deal to stay as the head of the Mercedes Formula 1 team until at least the end of 2026. He, along with fellow shareholders Jim Ratcliffe and Ola Kallenius, believes that stability in management is crucial for the team’s success going forward. Wolff emphasized the importance of trust between the three parties involved and stated that their goal is to achieve the best return on investment, which is winning. He also mentioned that there is no performance clause in his contract, as trust is the determining factor in his position. Despite the challenges faced by the team in the recent season, Wolff remains motivated and committed to overcoming them.
