Mercedes deny rumours about quitting F1 as Lewis Hamilton's future hangs in the balance

Mercedes have denied reports which claimed that team is set to quit Formula 1 after end of 2020 F1 season. Earlier, a report was published by Racefans. It said that board of Mercedes‘ parent company Daimler will meet in two weeks time to decide wher to withdraw its team from Formula 1 at end of 2020 season. It also mentioned that meeting will take place on February 12th. Mercedes’ current contract to participate in F1 expires at end of this season.

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Formula 1: Mercedes denies rumours about quitting F1

latest report claims that Daimler CEO Ola Kallenius is pushing to save a billion euros over next three years and Mercedes will only remain in F1 as an engine manufacturer. When Kallenius was asked about same at an event in Berlin, he played down rumours and said that it was 't true.'

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Formula 1: Lewis Hamilton denies having contract talks with Mercedes 

According to a report in BBC, Hamilton has said that he and Mercedes F1 boss Toto Wolff have t even spoken about ir contract yet. He also referred to a report in Italy which stated that talks between him and Mercedes have stalled over his demands. He said that papers are making up stories.  

Earlier, reports emerged that Lewis Hamilton is allegedly seeking to boost his annual salary with Mercedes to a lofty $60 million from 2021. However,  German manufacturer could reject its star driver's demands. Both parties are reportedly holding ir cards tight to ir chests and keeping ir talks under wraps. 

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Formula 1: Lewis Hamilton to Ferrari 

Earlier, Italian publication Gazzetta dello Sport reported that Hamilton had held discussions with Ferrari about his move to team. rumours picked up pace after Ferrari boss Mattia Bitto said that he was “happy” that someone of Hamilton’s quality is available post 2020. According to BBC, Hamilton said that everything that happens behind closed doors is private. He also said that he loves where he is and he doesn't want to make a quick decision to do something else. He thinks that it’s only smart and wise for him to sit and think of what he wants. After all, it is last period or st in his career.

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