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Mercedes to give F1 team budget boost in 2013

Mercedes to give F1 team budget boost in 2013

  • Published on 03 Nov 2012 11:29
  • comments 0
  • By: Danny Sosef
Ahead of Lewis Hamilton's arrival, Mercedes is reportedly preparing to boost the budget of its formula one team by many millions.

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." (GMM)
F1 News Lewis Hamilton Nico Rosberg McLaren Mercedes

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Date
Grand Prix
Circuit
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Bahrain
29 - Mar 2
Bahrain
Bahrain International Circuit
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Saudi Arabia
Jeddah Street Circuit
22 - Mar 24
Australia
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Japan
Circuit Suzuka
19 - Apr 21
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30 - Sep 1
Italy
Monza
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United States of America
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United States of America
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Date
Grand Prix & Circuit
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Bahrain Bahrain International Circuit
29 - Mar 2
Bahrain Bahrain International Circuit
7 - Mar 9
Saudi Arabia Jeddah Street Circuit
22 - Mar 24
Australia Albert Park
5 - Apr 7
Japan Circuit Suzuka
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China Shanghai International Circuit
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United States of America Miami International Autodrome
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Italy Autodromo Enzo e Dino Ferrari
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Monaco Monte Carlo
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Canada Gilles Villeneuve
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Spain Circuit de Catalunya
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United Kingdom Silverstone
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Hungary Hungaroring
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Belgium Spa-Francorchamps
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Netherlands Circuit Zandvoort
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Italy Monza
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Azerbaijan Baku City Circuit
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GB Lewis Hamilton 44
Lewis Hamilton
  • Team Mercedes
  • Points 3,377
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  • Country United Kingdom
  • Date of b. Jan 7 1985 (39)
  • Place of b. Tewin, United Kingdom
  • Weight 68 kg
  • Length 1.74 m
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