According to Norbert Haug, recent rumours that circulated about Mercedes-Benz's involvement in Formula 1 were pure speculation.
Haug, the director of motorsport activites at Mercedes-Benz, mentioned to reporters in Bahrain that he has had assurances from the directors in Stuttgart that the company has every intention of remaining in Formula 1.
"Some people have suggested that Mercedes are pulling out of F1. No, Mercedes is not pulling out," he told Autosport magazine.
Haug did concede, though, that the current financial problems being faced by car manufacturers worldwide means there is no guarantee of the situation remaining unchanged indefinitely.
"When I have been asked to guarantee that we will be here for five years, then it is not possible," Haug mentioned.
"But, the bigger picture is that if we can find a set of rules, be it limits or a budget cap, something that is feasible, then that will help"
photo:McLaren
Haug, the director of motorsport activites at Mercedes-Benz, mentioned to reporters in Bahrain that he has had assurances from the directors in Stuttgart that the company has every intention of remaining in Formula 1.
"Some people have suggested that Mercedes are pulling out of F1. No, Mercedes is not pulling out," he told Autosport magazine.
Haug did concede, though, that the current financial problems being faced by car manufacturers worldwide means there is no guarantee of the situation remaining unchanged indefinitely.
"When I have been asked to guarantee that we will be here for five years, then it is not possible," Haug mentioned.
"But, the bigger picture is that if we can find a set of rules, be it limits or a budget cap, something that is feasible, then that will help"
photo:McLaren