Wolff to get new job title (Update)

Toto Wolff

UPDATE (GMM) Toto Wolff is not ready to commit to remaining Mercedes' team boss beyond the end of 2020.

After buying into Lawrence Stroll's new Aston Martin project, the Austrian has admitted he is currently discussing his future at Mercedes with Daimler CEO Ola Kallenius.

When asked how long he will remain team principal, Wolff told Osterreich newspaper: "Definitely until the end of the season.

"But I'm in the eighth year now and we have won the title six times. I also have to ask myself if I am still the best man in this role.

"Is my motivation, my energy still at the same level as before? Because what I don't want is to slide from very good to just good," he added.

06/05/20 (GMM) Toto Wolff has admitted he may soon have a different job title.

Currently, the Austrian is Mercedes' team boss – but former F1 driver Ralf Schumacher thinks "very exciting" changes are around the corner.

That is because Wolff has bought shares in Racing Point owner Lawrence Stroll's new Aston Martin venture. According to reports, Wolff and Stroll could team up and take over what is currently Mercedes' works team.

Daimler has made some statements to play down the speculation, but Schumacher told Auto Bild that the Mercedes parent did not actually state anything "that would block change".

Wolff says: "The marketing value that Mercedes generates through Formula 1 is enormous. Formula 1 is solid and we have support, so that's not an issue at the moment."

But he admits he is talking about the future with Daimler CEO Ola Kallenius.

"I have the feeling that I can still contribute a lot, but of course I think about my future and also discuss with Ola how this could work," said Wolff.

"We're right in the middle of carving our future together, so I don't want to be tied to a specific title, whether that's team boss or managing director.

"In these times of corona, where the automotive industry is changing, every commitment has to be discussed."