Mercedes and Wolff quit speculation "unfounded and irresponsible"
Mercedes has sought to shut down speculation of both the manufacturer's withdrawal from Formula 1 and the departure of Toto Wolff from the team.
Reports in the German media speculated that Toto Wolff, who has a 30% stake in Mercedes F1, was looking to partner with Lawrence Stroll to take on a larger share of the team.
The speculation suggested the recent movement of former AMG boss Tobias Moers to Aston Martin would lead to the two manufacturers brokering a deal - Mercedes handing over shares in its F1 team to Stroll in return for his 25% ownership stake in Aston Martin.
In a statement supplied to GPFans by Mercedes, the rumours were put to rest.
“Speculation regarding a potential withdrawal from Formula 1 continues to be unfounded and irresponsible. The sport has taken the right measures to address the consequences of the Covid-19 pandemic and its future financial sustainability, and we welcome these steps. It is our clear intention to continue competing in Formula 1 as a Mercedes-Benz works team in the years to come, and to do so with our managing partner Toto Wolff.”
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