Mercedes and its parent com♛pany, Daimler, have denied “unfounded and irresponsible” reports that it is planning to🌌 quit Formula 1.

German media outlets Auto Bild and F1insider.com reported that Mercedes was on the cusp of leaving F1 with Daimler keen to trade the team for an increased share in Aston Martin, following the Brit🦩ish supercar firm’s appointment of ex-AMG boss Tobias Moers.

It was also claimed that Toto Wolff would withdraw from his role as Mercedes team principal at the end of the year when his current contract expires, however Daimler moved to🔯 pou꧂r cold water over the story.

A Daimler statement issued to wuqian0821.com via Mercedes said: “Speculation regarding a po💖tential withdrawal from Formula𝓰 1 continues to be unfounded and irresponsible.

“The sport has taken the right measuresꦗ to addre🌳ss 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.”

It i🌼s not the first time Daimler haꦺs had to dismiss rumours that Mercedes is preparing to pull out of F1, having previously denied such reports at the beginning of the year.

Speculation regarding Wolff’s future has also been rife in recent months, and ramped up when the Austrian 168澳洲5最新开奖结果:made a personal investment in Aston Martin ahead of its return🌌 to the F1 grid in 2021.

Last month Wolff moved to 168澳洲5最新开奖结果:quash suggestions he is considering leaving his pos🤪ition at Mercedes to head ♎up the Aston Martin project, despite his close ties with Racing Point’s billionaire owner and new Aston Martin CEO Lawrence Stroll.