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Financial crisis could force Mercedes out of F1

Financial crisis could force Mercedes out of F1

F1 News

Financial crisis could force Mercedes out of F1

Financial crisis could force Mercedes out of F1

Ralf Schumacher believes that Mercedes could leave Formula 1 at the end of 2020.

The financial crisis of 2008/09 saw manufacturer teams BMW, Toyota and Honda all part ways with Formula 1, and Schumacher feels that the reigning champions could follow suit in 2020 - although it may not be the first option considered by the German marque.

“I believe there is a possibility that they [Mercedes] could leave Formula 1 due to the crisis at the end of the year," Schumacher told Bild.

“We had that with BMW over ten years ago. The possibility is always there although I think that due to Mercedes’ successes of recent years, I don’t think getting out of F1 will be the first step for them."

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Mercedes joined the Formula E grid ahead of this current season and, with the focus of the motoring industry moving away from hybrid technology and more towards electrification, it could be that the Formula 1 champions are forced to choose between F1 and Formula E.

Audi recently announced that they would leave the DTM at the end of 2020, electing to focus on Formula E instead.

Ferrari and Renault stand as the only two manufacturer efforts alongside Mercedes in Formula 1 whereas, in Formula E, Mercedes compete against their German rivals BMW, Porsche and Audi as well as Jaguar, Nissan, DS and NIO.

READ MORE: F1 2020 Driver Salaries - who gets paid what?

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