Daimler CEO dismisses Mercedes F1 exit speculation


FILE PHOTO: Ola Kaellenius, chairman of Daimler AG talks to Dr. Nicole Hoffmeister-Kraut, economics minister of state Baden-Wuerttemberg before CEOs of German carmakers meet to discuss the industry's challenges and strategy in Berlin, Germany, July 4, 2019. REUTERS/Annegret Hilse

BERLIN (Reuters) - World champions Mercedes are not preparing to pull out of Formula One, Daimler Chief Executive Ola Kaellenius said on Wednesday.

Autocar and the racefans.net website reported earlier that the subject of whether Mercedes should leave the sport as a constructor would be discussed at the next board meeting of parent body Daimler.

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