P1racenews AI automatic summary:
As Mercedes looks to recover to the front of the grid, Toto Wolff has committed his future to the squad by signing a new multi-year deal to remain as Team Principal.
Toto Wolff has signed a new multi-year deal with Mercedes, extending his tenure as Team Principal for another three years. He joined Mercedes in 2013 and currently holds a 33% stake in the team. Under Wolff’s leadership, Mercedes has been incredibly successful, winning every championship from 2014 to 2020 and securing the 2021 Constructors’ title. However, since the introduction of new technical regulations in 2022, Mercedes has struggled to maintain its dominance. Despite this, Mercedes has renewed contracts with Lewis Hamilton and George Russell until the end of the 2025 season, and now, with Wolff’s commitment, the team aims to return to title-contending competition. Mercedes will unveil its 2024 car, the W15, on February 14 at the Silverstone Circuit.
