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☆ Mercedes F1 Team CEO Toto Wolff on the business of F1, success in the U.S. and growth outlook
▼ + stars: | 2024-10-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMercedes F1 Team CEO Toto Wolff on the business of F1, success in the U.S. and growth outlookToto Wolff, Mercedes-AMG Petronas F1 Team team principal and CEO, joins 'Squawk Box' to discuss the business of F1, success of F1 in the U.S., partnership with LVMH and other brands, long-term growth outlook, and more.

Persons: Toto Wolff, Mercedes, LVMH Organizations: Petronas F1 Team Locations: U.S

☆ What is F1 Academy? Here's everything you need to know about Formula 1's female-only racing series
▼ + stars: | 2024-09-20 | by ( Gregory Leporati | ) www.businessinsider.com time to read: +8 min

In many ways, F1 Academy is a spiritual successor to W Series, an all-female racing series that shuttered in 2022 because of financial problems. Where F1 Academy differs is that it has the financial backing of Formula 1 and buy-in from the sport's constructors, with each team sponsoring F1 Academy drivers. "F1 Academy is a really friendly environment and a bit different to when I've been in male paddocks with mixed competition. She previously competed in W Series and has enjoyed her time so far with F1 Academy, which she describes as a "streamlined" series. Most importantly, though, she's grateful for the amount of testing and practice time that F1 Academy provides.

Persons: —, It's, Susie Wolff, Wolff, Marta García, Williams, Venturi, Toto Wolff, James Sutton, I've, Doriane, Racing, Pin, Chloe Chambers, Chris Graythen, Chambers, Haas, she's Organizations: Formula, Service, Academy, Motorsports, F1, Formula Regional, Williams Racing, Formula E, Mercedes F1, F1 Academy, Racing Locations: Spain, Singapore, British, Jeddah, Saudi Arabia

☆ CrowdStrike-sponsored Mercedes F1 team hit by CrowdStrike outage
▼ + stars: | 2024-07-19 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

The Mercedes F1 team was briefly impacted by the CrowdStrike IT outage. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Mercedes F1 team was temporarily affected by the mass IT outage, which was caused by its own sponsor, the cybersecurity giant CrowdStrike. This story is available exclusively to Business Insider subscribers.

Persons: Mercedes, —, CrowdStrike Organizations: Mercedes, Service, Windows, Microsoft, Business

☆ How the Monaco Grand Prix became the most iconic F1 race
▼ + stars: | 2024-05-24 | by ( Gregory Leporati | ) www.businessinsider.com time to read: +8 min

The Monaco Grand Prix is the crown jewel of Formula 1, known for its glitz and glamour. In the decades since then, the Monaco Grand Prix has become the crown jewel of Formula 1 — and arguably the most famous race in the world. Senna's surprising defenseThat crash was a distant memory by 1992, as Senna unexpectedly claimed his fifth Monaco Grand Prix victory. While he didn't gain any victories during his Mercedes stint, he earned a pole position at his final Monaco Grand Prix at 43. Daniel Ricciardo celebrating his Monaco Grand Prix win in 2018.

Persons: —, it's, Bob Varsha, Varsha, Clive Rose, Zak Brown, McLaren, Lando Norris, It's, Juan Manuel Fangio, Alfa, Yves, Giraud Cabantous, Maurice Trintignant, Robert Manzon, Giuseppe Farina, Jackie Stewart, Stewart, Jackie, Ayrton Senna, Senna, Ayrton Senna's, Nigel Mansell, Brown, Mansell, Michael Schumacher's, Mercedes, Mark Webber, Schumacher, Daniel Ricciardo, Lewis Hamilton, Ricciardo, Dan Istitene, Charles Leclerc —, he's, Leclerc Organizations: Monaco, Service, Prix, ESPN, Miami Grand Prix, Indianapolis, Le, Alfa Romeo, Formula, Getty, Universal Pictures, Williams, Renault, Mercedes F1, Netflix, Monaco Grand Prix, Monaco —, Ferrari Locations: Monte Carlo, Monaco, Argentine, British

☆ Technical head Elliott leaves Mercedes F1 team
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +1 min

LONDON, Oct 31 (Reuters) - Former Formula One world champions Mercedes announced the surprise departure of chief technical officer (CTO) Mike Elliott on Tuesday only months after he took on the role in a job swap with James Allison. Elliott had been appointed technical director in July 2021, with Allison moving to the CTO role, but they switched positions last April after Mercedes made a slow start to the season following a difficult 2022. Red Bull have won the last three drivers' titles with Max Verstappen as well as the 2022 and 2023 constructors' championships. Mercedes said Elliott, who had been with the team for 11 years and through their record eight successive constructors' titles, had chosen to depart after developing a technical strategy for the future. "Mike is a fiercely intelligent technical brain and a great team-player; he has made a strong contribution not just to winning racing cars but also to building the culture of our team.

Persons: Mercedes, Mike Elliott, James Allison, Elliott, Allison, Red Bull, Max Verstappen, Lewis Hamilton, Bull's Sergio Perez, Mike, Toto Wolff, Alan Baldwin, Toby Davis Organizations: Briton, Thomson

☆ Mercedes' Toto Wolff shares his tips on leading a superstar team and 2 key values for long-term success
▼ + stars: | 2023-07-04 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +4 min

For me, the notion of control freak is: know everything that's going on, but not interfering in everything that's going on. Toto Wolff Team Principal of Mercedes F1"And when you win, have no sense of entitlement... Mercedes drivers Lewis Hamilton and George Russell currently stand in fourth and seventh in the drivers' rankings, respectively. Mercedes drivers Lewis Hamilton (R) and George Russell (L) currently take the fourth and seventh placing in the 2023 Driver Standing respectively. "So for me, the notion of control freak is: know everything that's going on, but not interfering in everything that's going on... and getting that balance right."

Persons: Toto Wolff, Eric Alonso, Wolff, Mercedes, Red Bull, Lewis Hamilton, George Russell, Red, Max Verstappen, It's, Peter Fox, Williams Organizations: Jeddah Corniche, Getty, Mercedes, Petronas F1 Team, Energy Asia, Petronas, Abu, Grand Prix, Anadolu Agency, Prix, of Russia, Sochi Autodrom, Hamilton Locations: Saudi Arabia, Jeddah, Jeddah Corniche Circuit, Malaysia's, Kuala Lumpur, Grand, Sochi, Russia

☆ Watch CNBC's full interview with G42 CEO and Mercedes-AMG Petronas F1 Team CEO
▼ + stars: | 2023-04-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with G42 CEO and Mercedes-AMG Petronas F1 Team CEOAbu Dhabi royal backed artificial intelligence company G42 and the Mercedes F1 team are partnering to explore ways to deploy AI software and solutions into the team's operations to deliver critical insights. CNBC's Dan Murphy sits with G42 CEO Peng Xiao and Mercedes F1 Team Principal and CEO Toto Wolff to speak about the partnership, incorporating AI technology in sports and AI regulation.

☆ F1 team bosses have their own light-bulb moment
▼ + stars: | 2023-02-26 | by ( Alan Baldwin | ) www.reuters.com time to read: +4 min

LONDON, Feb 26 (Reuters) - The late McLaren boss Teddy Mayer liked to compare Formula One drivers to interchangeable light-bulbs, declaring "you plug them in and they do the job", and nowadays the same might be said for team principals. The Frenchman is on his third different team, after stints at Sauber and Renault. "It shows also that the role of the team principal is maybe sometimes also a bit over-rated because if you can change it so quickly and there is no big impact, it tells also something. Sauber, with Swedish billionaire Finn Rausing as chairman of the board, will become the Audi works team from 2026. "But other than that we must not forget that F1 teams have developed into big organisations where the owners are not any more the team principals... some have engineers as team principals, some have more an old-fashioned rule."

☆ Take FTX's name off the Miami Heat's arena, the crypto exchange's bankruptcy judge orders in ending a $135 million sponsorship deal
▼ + stars: | 2023-01-12 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

FTX's bankruptcy judge has terminated its $135 million deal to sponsor the Miami Heat's home arena. Miami-Dade County has been trying to get out of the deal since the crypto exchange failed in November. In March 2021, FTX and Miami-Dade agreed a deal to award the crypto exchange the naming rights to the Heat's home arena for the next two years. But the crypto exchange filed for Chapter 11 bankruptcy in November after suffering a major liquidity crisis that wiped out around $8 billion in customer funds. Read more: FTX bankruptcy documents show list of investors set to be completely wiped out, including Tom Brady and Robert Kraft

☆ A US recession is coming - here are 5 reasons why
▼ + stars: | 2022-12-12 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Bank of America's strategists said the US could fall into a recession over the next 10 to 12 weeks. Bank stocks have tumbled in recent days. Frankly, a broad recession won't be a surprise to anyone at this point (especially Opening Bell readers). In other news:Whether or not the US is in a recession is a politically charged debate. These nine funds offer strong positioning through a recession and into the next bull market, in Bank of America's view.

☆ Chelsea reportedly loses $25 million crypto sponsorship deal as FTX's collapse hammers other platforms
▼ + stars: | 2022-12-09 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Crypto lender Amber will end its $25 million sponsorship of Chelsea soccer club, Bloomberg reported Friday. In March, Amber agreed to pay 20 million pounds ($25 million) for its flagship crypto exchange WhaleFin to become Chelsea's official sleeve sponsor. As the prices of digital asset prices surged last year, digital asset companies sealed sponsorship deals with top sports franchises. In addition to the job cuts and cutting the Chelsea deal, Amber will pivot to focus on institutional investors and wealthy individuals, per Bloomberg. Read more: FTX's rescue by Binance is a red flag for sports heavyweights that signed sponsorship deals with the crypto exchange

☆ Mercedes F1 team evaluating FTX sponsorship, branding stays for now
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, Nov 10 (Reuters) - The Mercedes Formula One team said on Thursday they were keeping the branding of troubled cryptocurrency exchange FTX on their cars at this weekend's Sao Paulo Grand Prix in Brazil while watching developments. read moreMercedes, then the reigning Formula One champions, signed a sponsorship deal with FTX in September, 2021. A team spokesman said they were evaluating the situation and branding would be staying on the race cars of seven-times world champion Lewis Hamilton and fellow-Briton George Russell for the time being. The weekend's race at Interlagos is the penultimate round of the season, which finishes in Abu Dhabi on Nov. 20. Reporting by Alan Baldwin in London, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

☆ Morning Bid: Bank man fried
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +2 min

"We are in the best of hands," FTX founder Sam Bankman-Fried said on Twitter, after announcing a bailout that has not quite soothed market jitters. Bitcoin was falling in Asia on Wednesday, so was FTX's collapsing token and Binance's token had the wobbles. As Spectra Markets' Brent Donnelly and others have previously noted, naming rights are a reasonable signal of irrational exuberance. FTX's 19-year deal for naming rights at the Miami Heat basketball team's home arena looks to face a similar fate, as does its sponsorship of the Mercedes F1 team. China's factory gate prices dropped for the first time since December 2020, and consumer inflation moderated, underlining faltering domestic demand.

☆ FTX's rescue by Binance is a red flag for sports heavyweights that signed sponsorship deals with the crypto exchange
▼ + stars: | 2022-11-09 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Binance stunned the crypto world with a deal to buy Sam Bankman-Fried's crypto exchange FTX Tuesday. The exchange's troubles raise questions about its deals with Tom Brady, the Miami Heat, and the Mercedes F1 team. But FTX is yet to comment on what will happen with the million-dollar sports sponsorship deals it brokered earlier this year. As cryptocurrencies surged, major exchanges like Binance, Coinbase and FTX all worked to land major sports sponsorship deals to compete for users and build brand awareness. Major companies have pulled away from sports sponsorship deals amid the market turmoil.

☆ Электросамокаты Xiaomi: Премьера в сети магазинов Giant Ⓟ
▼ + stars: | 2020-09-30 | by ( ) point.md time to read: +1 min

Электросамокаты Xiaomi в сети магазинов Giant! Самые лучшие цены в Молдове! И самое главное преимущество – сеть магазинов GIANT предлагает лучшие цены в Молдове. Электрические самокаты XIAOMI созданы в сотрудничестве с Mercedes, а точнее в создании скутеров приняла участие немецкая команда-автопроизводитель Mercedes AMG Petronas Motorsport, принимающая участие в Гран-при «Формула-1». Инновации от Mercedes F1 сделали электросамокаты XIAOMI наиболее совершенными на рынке.

Persons: XIAOMI Mercedes, FB Organizations: Petronas Motorsport, Giant, Xiaomi, Giant!, GIANT, XIAOMI, Mercedes Locations: Giant Moldova, Молдова, Кишинев, Бельцах

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