Mercedes to reassess F1 future in 2020

Mercedes will remain committed to Formula 1 until at least 2020, says Daimler chairman Dieter Zetsche.

The German manufacturer's involvement in Grand Prix racing has been the subject of recent speculation after it announced its impending withdrawal from DTM and decision to join Formula E from 2019.

Speaking at the Frankfurt Motor Show, Zetsche said: "Formula 1 is linked to our history and our brand.

"It is a component that has helped us develop the brand and make it younger, so for now I do not see a change of strategy until 2021. The Concorde agreement will last until that date and I am not even thinking about it," he added.

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Zetsche was speaking after Mercedes launched the $5 million Project One supercar, featuring a 1000hp hybrid F1 engine.

"We decided to leave DTM and start the project in Formula E," he explained.

"At the moment this series is a social and PR platform, but we want to help to increase the competition between the teams."

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Phillip van Osten

Motor racing was a backdrop from the outset in Phillip van Osten's life. Born in Southern California, Phillip grew up with the sights and sounds of fast cars thanks to his father, Dick van Osten, an editor and writer for Auto Speed and Sport and Motor Trend. Phillip's passion for racing grew even more when his family moved to Europe and he became acquainted with the extraordinary world of Grand Prix racing. He was an early contributor to the monthly French F1i Magazine, often providing a historic or business perspective on Formula 1's affairs. In 2012, he co-authored along with fellow journalist Pierre Van Vliet the English-language adaptation of a limited edition book devoted to the great Belgian driver Jacky Ickx. He also authored "The American Legacy in Formula 1", a book which recounts the trials and tribulations of American drivers in Grand Prix racing. Phillip is also a commentator for Belgian broadcaster Be.TV for the US Indycar series.