Mercedes F1 Announces Revenue Of £338.4M For ’18

When cost caps come, hundreds of Mercedes employees will lose their jobs

The Mercedes F1 team "earned and spent almost the same amount" in '18 as it did in '17, newly released accounts revealed.

The team's income, from F1 prize money, sponsorship and parent company Daimler AG, rose from £337.2M in '17 to £338.4M last year.

Expenditure increased from £309.7M to £311.4M, resulting in a post-tax profit of £13.3M. There is "no outward sign yet of the team addressing the cost cap" that is coming in '21.

Average staff numbers have risen from 849 in '16 to 912 in '17 and to 968 in '18. That contributed to the '18 wage bill increasing by £6.5M from £87.2M to £93.7M AUTOSPORT