Mercedes to boost F1 budget for 2013 - report

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.

Nico Rosberg, Mercedes AMG F1
Nico Rosberg, Mercedes AMG F1

Photo by: xpb.cc

Bild newspaper said that after slumping in 2012 in the wake of Nico Rosberg's Shanghai breakthrough, and deciding to replace Michael Schumacher with McLaren's Hamilton for 2013, the German squad is set to fatten its budget for next year to almost EUR 200 million.

The report said that would be 44 million euros 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 Mercedes 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."

Write a comment
Show comments
About this article
Series F1
Article type Breaking news
Tags f1, gmm, hamilton, haug, lauda, mercedes, rosberg, schumacher

User photos

EuroRacer
F1

EuroRacer

21 photos
SurdinP
F1

SurdinP

1 photos
max
F1

max

29 photos
ADLITIKA
F1

ADLITIKA

213 photos
Kevin_Bennett_Photo
F1

Kevin_Bennett_Photo

139 photos
PiBiPhoto
F1

PiBiPhoto

47 photos
koutnas
F1

koutnas

16 photos
Evan_DeCiren
F1

Evan_DeCiren

24 photos
Upload photo