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Wolff heading towards new Mercedes contract

Mercedes AMG F1 boss, Toto Wolff, has said that he is on the verge of extending his involvement with the German manufacture in Formula 1.

Wolff's current contract as an executive director runs until the end of 2017 but the 45-year-old Austrian sees no reason why his tenure at the helm of the world championship winning team should come to an end anytime soon.

Wolff: ‘I wouldn’t be in F1 without Bernie’

"Working with the board is smooth, there are a lot of people that I learn from every day, which makes me really enjoy my work," Wolff told Frankfurter Allgemeine Sonntagszeitung.

"So you can expect me to keep doing that for a while," he added.

As a reminder, Wolff is also currently a 30% shareholder of the Mercedes Formula 1 team which he has managed since January 2013.

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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.