Mercedes could quit F1 over bribery scandal

Mercedes F1Jun.27 (GMM) Formula One’s high profile bribery scandal could cause German carmaker Mercedes to quit the sport.

Mercedes, with its own Brackley based works team and also a major engine supplier, is watching the Gerhard Gribkowsky affair with particular attention, according to the business newspaper Handelsblatt.

The report said that the affair, and particularly the implication of F1’s chief executive Bernie Ecclestone, would have “serious consequences” with regards to Mercedes’ involvement in the sport.

Senior Daimler officials are reportedly very concerned that, in the event that corruption is proved, Mercedes’ continuing involvement would be disallowed due to the Stuttgart marque’s strict anti-corruption statutes.

Namely, Daimler “does not tolerate the immoral or corrupt practices of its employees or its business partners”, the statutes read.

Laurenz Schmitt, a corporate lawyer for Linklaters in Munich, confirmed that “Ecclestone’s bribery payments would fall under this company guideline”.

Another legal expert agrees that “If Ecclestone is charged with bribery, Daimler would have to withdraw from F1″.

A Mercedes spokesperson told Bild newspaper: “We welcome the evaluation of the recent allegations in Formula One and now await the clarification of the authorities.”

DPA news agency said closing arguments in the Gribkowsky trial are being presented over the next few days.

Subbed by AJN.

  • Jody Renza

    That will be a shame if Mercedes quits…I think they are about to become a force in F1…a top 3 team for sure!
    Surely there are much more corruption going on in other sports, they just hide it better..

  • seb

    then remove all f1 together and start an all new series if this kind of hooliganism continues!

  • BILL.

    Just Sad.

    With The Antics From MCLAREN, It Will Be One Less Option For LEWIS.

    Go, HAMILTON !

  • Kevin

    Yet another threat to quit from the grand Merc. First it was agreements, then it was the Ferrari cut, now this. Just pick up all your toys and get out and be done with it kids, your monthly rant about something irrelevant to actual racing and ubiquitous threats to quit are becoming a serious bore. Of course, if you want to save the pile money you will spend getting out of all the contracts you’ve signed, between engines and the team contract with F1, you can suck it up and get on with the game at hand, like all the rest of the F1 universe. If Bernie is put behind bars, the issue is resolved – without your lame threats. If he isn’t, then no foul, all threats nullified.

  • Tripled

    this isnt the first time mercedes is threatening to quit. im getting sick of their threats.

  • Bec

    Mercedes can hardly talk …

    Between 1998 and 2008, Mercedes parent company bribed government officials from 22 different countries.

    They were caught.

    They were made to pay $185,000,000 in fines.

    Maybe Mercedes shouldn’t have been allowed to rename Brawn when they have such a scandalous background.