Wolff rules out formal role or 'strategic' Aston investment

Toto Wolff has dismissed talk that he will have a formal role or 'strategic' stake in Aston Martin, even though he could make a personal financial investment in the British sportscar manufacturer.

Wolff rules out formal role or 'strategic' Aston investment

The Mercedes motorsport boss's future has been the subject of intense speculation for months, with his current contract running out at the end of 2020.

Last year he emerged as a candidate to potentially replace Chase Carey as the boss of F1, while more recently he has been linked with opportunities at Aston Martin.

While it is understood a personal financial investment in Aston Martin could be on the cards, he is clear that his focus is on sorting out a new deal to remain at Mercedes.

Speaking to Austrian daily newspaper Osterreich, Wolff said that the impact of the coronavirus pandemic had put a halt to talks with his bosses about his future.

But, despite expressing some unease about unidentified developments in F1, he said that he was all set to stay where he is.

"I'm in the eighth year now," he said. "I love sports and this team. However, I am somewhat surprised by the turn of events over the winter and by the behaviour of individual people.

"Of course, this also has to do with my decision on what to do in 2020 and beyond. But I am and will remain the head of Mercedes Motorsport and F1 boss, and nothing will change in the short term."

Read Also:

Asked about the speculation over his Mercedes future, Wolff said: "In most stories that could be read about it, people added up 1 + 1 and turned it into 3.

"What is my current status? My participation in Mercedes is solid, my contract runs until the end of 2020, and we are still in good discussions about what we want to do together.

"We are discussing. But all of this has been pushed into the background by Corona. We all have bigger problems to solve now - human problems in our companies."

He added: "I'm not going to become CEO of Aston Martin, and I'm not going to make a strategic investment there either."

Wolff is a good friend with Aston Martin executive chairman Lawrence Stroll and, although a personal financial investment in the company is possible, he is clear that there is no intention to do anything else.

"Stroll and his team are a big customer of our racing team," he said. "They purchase engines, gearboxes and suspension parts from Mercedes.

"In addition, Lawrence has been a good friend of mine for many years - regardless of our business relationships."

Read Also:

shares
comments
Brown warns four F1 teams could disappear amid crisis

Previous article

Brown warns four F1 teams could disappear amid crisis

Next article

The F1 tracks that could work in reverse

The F1 tracks that could work in reverse
Load comments

About this article

Series Formula 1
Author Jonathan Noble
The AlphaTauri improvements that mean Gasly’s form is no fluke Prime

The AlphaTauri improvements that mean Gasly’s form is no fluke

Pierre Gasly has driven superbly since demotion from Red Bull in 2019, but the team formerly known as Toro Rosso has come on strong too – building a car that can often challenge Ferrari and McLaren. Here Gasly reveals to ALEX KALINAUCKAS how AlphaTauri has given him the tools needed to rebuild his reputation

Why Bottas feels the time has come to be “more selfish” Prime

Why Bottas feels the time has come to be “more selfish”

We’ve seen five distinct versions of Valtteri Bottas at Mercedes as he’s tried to fulfil his own ambitions while being a consummate team player – two difficult, competing missions which have been challenging to reconcile. Speaking exclusively to Stuart Codling, Bottas explains his highs and lows… and why he still believes he can be world champion.

Formula 1
May 15, 2021
How long can Verstappen and Hamilton keep it clean? Prime

How long can Verstappen and Hamilton keep it clean?

Lewis Hamilton and Max Verstappen have been evenly matched so far in the 2021 Formula 1 title race. Neither has been afraid to get aggressive against each other on track, teeing up an enthralling contest as the year unwinds. But how long will their battle remain clean? Jonathan Noble ponders that exact point

Formula 1
May 13, 2021
How Brabham’s one-hit wonder was boxed into a corner Prime

How Brabham’s one-hit wonder was boxed into a corner

The Brabham BT46B raced once, won once, then vanished – or did it? STUART CODLING reveals the story of the car which was never actually banned…

Formula 1
May 11, 2021
The changes Barcelona needs to provide a modern-day F1 spectacle Prime

The changes Barcelona needs to provide a modern-day F1 spectacle

Formula 1’s visits to Circuit de Barcelona-Catalunya over recent years have been met with familiar criticisms despite tweaks here and there to the track to improve racing. With the 2021 Spanish Grand Prix largely going the same way, proper solutions need to be followed to achieve F1’s wider targets

Formula 1
May 10, 2021
Spanish Grand Prix Driver Ratings Prime

Spanish Grand Prix Driver Ratings

Often described as Formula 1's laboratory, the Circuit de Catalunya-Barcelona gave the clearest demonstration yet of the pecking order in 2021. And it's the key discrepancies from that order which illuminate who is excelling, and who needs to hit the reset button.

Formula 1
May 10, 2021
How Red Bull's deja vu set Hamilton on the winning path in Spain Prime

How Red Bull's deja vu set Hamilton on the winning path in Spain

An aggressive first corner move from Max Verstappen appeared to have set the Red Bull driver on course for victory in the Spanish Grand Prix. But canny strategy from Mercedes - combined with the absence of Red Bull's number two from the lead group - allowed Lewis Hamilton to pull off a demoralising reversal

Formula 1
May 10, 2021
The Barcelona practice times that prove Red Bull has hidden pace Prime

The Barcelona practice times that prove Red Bull has hidden pace

Lewis Hamilton led the way in Friday practice for the 2021 Spanish Grand Prix, but there was one major encouraging sign for Red Bull. However, making good on that gain will require Max Verstappen to avoid repeating a mistake that left him well down the FP2 order...

Formula 1
May 7, 2021