Mercedes confirms commitment to F1 - strengthens ties to AMG

Mercedes has reaffirmed its commitment to Formula 1, the German manufacturer strengthening the ties that exist between its Grand Prix team and its AMG division.

Mercedes F1 boss Toto Wolff recently rubbished rumors of a sale of the manufacturer's F1 outfit to UK chemical giant and team sponsor INEOS

In a conference call with investors on Tuesday, any remaining doubts about Mercedes' future in Grand Prix racing were put to rest by the company's new global strategy that include a presence in F1, closer ties to AMG and a full commitment to electrification, with the production of a range of new cars

"We will use the technology development in Formula 1 for performance hybrids and going into other exciting technologies in the future, and put that into our AMG cars," explained Mercedes chief executive Ola Källenius.

"With Project One, we're taking the Formula 1 powertrain and putting it on the road. So it just comes natural to us to leverage Formula 1 even more for AMG going forward."

Read also: Red Bull labels 2020 Mercedes 'most complete and rounded car' yet

The stronger alliance between Mercedes F1 and AMG will entail closer marketing links between the two entities, a technology transfer to AMG's road cars and a more prominent presence of the AMG identity on the Brackley squad's cars.

Mercedes returned to F1 as a works outfit in 2010 following the acquisition of Brawn GP and has won every single Constructors' and Drivers' championship since the advent of the hybrid engine in 2014.

Gallery: The beautiful wives and girlfriends of F1 drivers

Keep up to date with all the F1 news via Facebook and Twitter

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.