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By Andrew Benson
Chief F1 writer
Mercedes motors will be used by williams in Formula 1 at least.
The team, already committed to Mercedes for next year, have signed a new agreement for the next five decades.
Because finishing third in 2015 and 2014 williams have declined in form, their first two seasons together with Mercedes later motors came to F1.
They are on course for the same place this year and ended in 2018, however they expect fortunes will be revived by a department restructure.
Williams deputy team chief Claire Williams said:”Mercedes has been one of the game’s most prosperous engine suppliers and we think they will continue to have an extremely competitive engine bundle going forwards.
“Over our time with them they’ve come to be a true friend of the team.”
New rules are aimed at making the grid competitive. A budget cap has already been agreed, while racing to be allowed by fresh rules happen to be finalised before groups along with the game’s bosses proceed to agreeing somewhat revenue divide.
“Williams is one of the iconic manufacturers in F1,” said Mercedes motorsport manager Toto Wolff.
“They’ve been through some difficult times lately but that’s just served to show their durability and strength of personality as they struggle right back to where they belong on the grid.
“I’m certain that the prognosis for separate teams is glowing under the financial regulations that’ll be introduced from 2021 and we are delighted to continue our partnership Williams into that new era of our sport.”
On the group has been hit on by the inferior performance from a team which dominated big swathes of the 1980s and 1990s . This weekthey published a loss of #16.8m for the first six months of the calendar year, which was attributed to decreased prize money along with the reduction of some sponsorship income.
Chief executive Mike O’Driscoll stated:”Although we continue to confront challenges in a very busy environment, we consider the vast majority of the effect on EBITDA [earnings before interest, taxation, depreciation, and amortisation] to the full year has already been recorded in these interim results.
“We continue to think we are well placed to respond to the challenges ahead, with world-class facilities along with a strong and talented organisation.”
Williams have a contract with British newcomer George Russell to last into next year.
They still have not decided on another driver, with Robert Kubica and book driver Nicolas Latifi equally in with a chance of the seat.
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