“You Giving Me Hope Toto”- F1 Community Reacts To Toto Wolff And Lewis Hamilton Dropping Curtains On 2024 Revival Plans

Toto Wolff is set to remain as team principal and chief executive of Formula One outfit Mercedes for three more years. Wolff signed a three-year contract with Mercedes and will continue his partnership with Lewis Hamilton.

Wolff has been working with the Mercedes team since 2013 and has led Mercedes to eight consecutive Constructors Championship victories between 2014 and 2021 and finished second behind Red Bull in 2023. Toto Wolff is putting his faith in the AMG F1 W15 E performance, the Mercedes team car for 2024. Wolff and Hamilton are counting on this machine to defeat Redbull and Max Verstappen, to get back to where they belong.

Toto Wolff opens up on his plans for 2024

Toto Wolff, who owns a one-third share in Mercedes F1 opened up to the Daily Telegraph.

“At the end of the day, as a shareholder myself, I want the best return on investment. And the best return on investment is winning,” Wolff told the Telegraph.” I’m not going to try to hang on to a position that I think somebody is going to do better than me.”

“I make sure that I have people around who can tell me otherwise. In the end the three of us decided: ‘Let’s do it again’.

“The risk for me is always more bore-out than burnout. And that’s why I embrace the challenges we have today, even though they sometimes feel very, very difficult to manage.”

Toto Wolff on his contract renewal and the W15:

“I'm staying at Mercedes to beat Red Bull with Lewis Hamilton.”

“Those who have driven in the simulator have told us that the 2024 car [W15] doesn't look like the car of the last two years.”

“If we give Hamilton a good car that… pic.twitter.com/564MxvHVTF

— Mercedes-AMG F1 News (@MercedesNewsUK) January 15, 2024

Wolff has been one of the best in his job throughout his career, but recently over the last two years have not been quite as good as the Australian would have wanted it to be. Even though Redbull has performed better recently, Mercedes has kept their faith in Wolff.

Wolff explained about the trust and bond they have in Mercedes and shared that there wasn’t any performance clause in his contract

“I’m part of this team in various functions. I’m a co-shareholder. I’m on the board. These are things which will not change whatever executive, or non-executive, role I have. But I feel good. The risk for me is always more bore-out than burnout. And that’s why I embrace the challenges we have today, even though they sometimes feel very, very difficult to manage,” he stated.