According to several media reports, Mercedes will soon announce its exit from Formula E. This will happen in connection with the new Gen3 regulations, which the German team accepted only after a delay.

However, they wanted to know “more details” about the structure of the series afterward and were not quite convinced yet and that is why the car development is not so far advanced.

However, the Daimler board has now made a different decision and this is to be the exit from the racing series.

Toto Wolff, head of motorsport at Mercedes, said that “a decision has been made” for the Gen3 era.

“If Mercedes were to leave, which we haven’t said, then, of course, you need to work on alternative strategies. We are in the sport not only because we guys like to compete and drive around in circles. But it is mainly a marketing and communications platform,” he commented.

“And therefore, like everything we do, is under constant evaluation in terms of the benefits that any platform is able to generate for Mercedes-Benz. Apart from the let’s say marketing value that it generates, it is about technology transfer and these two need to go hand in hand: technology and marketing.”

“This is why everything is permanently evaluated and is this really still contributing to where we see the brand?”

The phase-out would come very unplanned as the German automaker plans to produce and market only pure electric cars starting in 2025.

“Whatever we are going to see in terms of decisions, it’s never like 100% that we want to be out of that because we don’t like it anymore. Nor is it 100%, we love it – that’s why we’re going to stay in forever. It’s much more nuanced.”

The Austrian also confirmed that the heads of the Formula E teams have been informed of the Mercedes team’s decision. If they really do pull out, however, there will apparently still be a team led by Wolff that will run with a Mercedes powertrain. There would also be some new additions to the team that would be “very interesting”. Among them are Nico Rosberg’s former race engineer Tony Ross and former Renault Formula 1 technical boss Nick Chester. The intention is to keep them on board.

“We have a team that is fully functional, that we can be proud of in a series that is good fun. We have also a certain degree of responsibility towards the team and the series.”

I'm from Austria and I'm a motosport-fan for more than 10 years. I want to be a journalist after I finish school. I am currently working for ASN Motorsports