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Formula One / 2024 Italian Grand Prix - Saturday
« Last post by fasteddy on September 17, 2024, 04:53:24 PM »
George Russell

P3 was a good result today. It was very tight out there between several teams so starting on the second row is not a bad place to be. It took me a little bit of time to get the most out of the car; we looked at how to get the best out of the tyres and I saved my two best laps for last. To be just one tenth off pole position is a little frustrating but overall, we can be happy with our Saturday.

The McLarens are very quick at the moment. It is super impressive. Hopefully we can challenge them into the first corner and get ahead. If we can’t, I think it will be difficult to race them tomorrow. It is very hot out there though and the tyres are suffering. It will be interesting to see what impact that has on the Grand Prix.
Lewis Hamilton

I am very disappointed with how today went. I think we could have been on the front-row, maybe even pole position. Unfortunately, I just didn’t do the job today. I lost one tenth and-a-half through turns one and two, and then one more tenth in the final corner. There is nobody else to blame but myself. Qualifying has been a weakness of mine recently, but I’ll keep trying to figure it out.

We have a good race car. That should give us confidence for tomorrow. The team has done an amazing job to get the W15 into a much better window than it was in Zandvoort. The car has been feeling so much better
Toto Wolff, Team Principal & CEO

We have to be pleased with today given our poor performance in Zandvoort. We have been able to bounce back strongly here in Monza and, at least in Qualifying, we were fighting at the very front. The McLarens are the benchmark at the moment and we able to challenge them today. It was incredibly close out there too. Lewis was just half-a-tenth shy of George and that was the difference between several positions. Small differences can really have a big impact at present.

The McLarens have been very good on their tyres in recent races. That will help them tomorrow and you have to say that they are favourites heading into race day. Others were quick in their long runs on Friday though so I don’t think you can rule anyone out. We will be pushing hard to get back on the podium.
Andrew Shovlin, Trackside Engineering Director

We knew it was going to be tight at the front today. It was therefore not unexpected that the field was so close at the end of Q3. Ferrari managed to get both of their cars into the 0.073s gap that was between Lewis and George. McLaren meanwhile have been quick at every track we’ve visited recently so it was no surprise to find that we couldn't quite match them. That is both frustrating and encouraging. The gap to P1 was just over one tenth of a second and pole position was within touching distance for both our drivers.

George is well placed lining up in P3. Our starts have been good recently and it's a long run to turn one. If we can get between the McLarens off the line, that will help our chances of a strong afternoon. Lewis has a bit of work to do starting from behind the Ferraris, but the degradation here looks set to be high. There could be plenty of opportunity to get into the fight at the front if that is the case. As we know, he is one of the best at tyre management so we can be excited as to what tomorrow may bring.
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Formula One / 2024 Italian Grand Prix - Friday
« Last post by fasteddy on September 17, 2024, 04:51:11 PM »
Lewis Hamilton

I’m happy that Kimi was OK as that was a big accident. The main thing that matters is that he was OK. In terms of our car performance, it’s been a good day. This new tarmac and the smoother kerbs have presented an interesting challenge, but the car has felt good from the start. There seemed to be some graining up and down the field in FP1 and people struggling with the tyres. We made some solid changes ahead of FP2 and the car took a step forward in that final hour. There’s still some work for us to do overnight both here and at the factory, particularly around the long run, so we can be as competitive as possible over the rest of the weekend.
George Russell

Firstly, I’m glad to see that Kimi was OK. It’s never nice to see a crash that size and the first thing that matters is that he wasn’t hurt. The mechanics did a great job to get the car ready for FP2. We got a good 30 minutes of running before and after the red flag so a big thank you to them.

The car seems to be looking good. Lewis did a great job to top the timing screens. I had a couple of push lap efforts at the end of FP2 but was mainly focused on the long run. The resurfaced track meant that it looked to be ramping up quite a lot throughout the day. We need to be alive to it evolving over the rest of the weekend. We’ve got a lot of good data to go through, even though it wasn’t the most productive Friday I’ve ever had on my side.
Kimi Antonelli

It’s been quite a day here in Monza. Unfortunately, my first FP1 session ended quite quickly with a big crash. It was measured at 52G, so it was a heavy one. I am not feeling 100% so I will have an easy night this evening and rest ahead of the rest of the weekend. I am sorry to the team and to George as it is not how we wanted the hour to go. It was a pure mistake from my side where I was pushing just a bit too hard for the conditions. I should have built into the speed more progressively and it is something I will learn from.

I am still thankful to the team for making it possible for me to drive in FP1. It was great to drive in front of the tifosi and be on track with all the other drivers.
Andrew Shovlin, Trackside Engineering Director

We’ve had a busy day here in Monza. Kimi's accident luckily didn't do any damage to him, but the car took a big hit. Repairing it ate into George's session a little bit. That cost us some learning but we'll hopefully recover that ground in FP3 tomorrow.

Lewis had two strong sessions. The car seems to be working well, but there is not much to choose between the top few teams; it all looks very tight and from today's data there doesn't seem to be more than a couple of tenths separating the front of the field. For the race, managing the tyres looks like it is going to be a challenge. The new surface is causing quite high degradation and as soon as you push hard, the tyres start to drop. It is not an easy track to employ the necessary management without leaving yourself vulnerable to being overtaking, but it should lead to an interesting race.
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Formula One / 2024 Italian Grand Prix - Preview
« Last post by fasteddy on September 17, 2024, 04:48:13 PM »
Toto Talks Italy

It was a disappointing weekend in Zandvoort. We didn’t perform to the level we expected. Lewis drove a strong race to recover to the points, but qualifying out of position limited the returns. George meanwhile suffered with high degradation and therefore didn’t have the pace to fight with for the top-six. The team is already working hard analysing all the data to understand what caused this. Whilst it’s a quick turnaround, we have the opportunity to bounce back straight away in Monza. I am confident we can do so. It is a very different circuit to Zandvoort, and likely even quicker this year with some of the changes they have made. We will also need to understand the impact of the track resurfacing that has been carried out. Monza is always a fascinating challenge for both teams and drivers, and one we are looking forward to.

The atmosphere is always special as the Italian fans are passionate about their racing. That will be even more so in FP1 as Kimi Antonelli steps into George’s car for a rookie session. Kimi has been part of our junior programme since he was 12 so this is an exciting moment for both him and the team. I am sure he will enjoy the experience of driving in front of his home crowd, and in turn I am sure they will be excited to see a new Italian talent on track. We look forward to seeing Kimi in the W15 on Friday morning and contributing to the team’s start to the weekend.
Fact File: Italian Grand Prix

    Monza is nicknamed the ‘Temple of Speed’ and for good reason. Recorded top speeds through the speed traps during the Grand Prix typically top 350 km/h.
    Due to the long straights and large portion of lap spent in eighth gear, the Monza lap is one of the lowest for gear changes on the calendar, with just 38.
    The high-speed nature of Monza means the Italian Grand Prix is often one of the shortest races of the year. If run uninterrupted, it usually takes around one hour and 15 minutes from lights out to the chequered flag.
    The circuit contains just 11 corners, four to the left and seven to the right. That is the second fewest of the year, behind only Austria which has 10.
    Extensive work has taken place at Monza ahead of this year’s race, with significant upgrades to circuit infrastructure.
    The entire circuit has also been resurfaced and new kerbs installed which may give drivers a chance to carry a little more speed into certain corners.
    The 476m run from pole position to the first braking point at Monza is the fourth longest on the F1 calendar. Only Mexico, Great Britain, and Spain are longer.
    Monza has the highest percentage time (76%) and distance (84%) per lap spent at full throttle of any circuit on the F1 2024 calendar.
    Only Las Vegas and Mexico have a higher maximum top speed reached per lap than Monza.
    Lewis Hamilton has five wins at Monza, and in 2017 he broke Michael Schumacher’s F1 record of 68 career pole positions at the track.
    Mercedes has seven wins at Monza in F1. Four with Lewis, two with Juan Manual Fangio, and one with Nico Rosberg.
    FP1 in Italy will see junior driver Kimi Antonelli take part in his first F1 practice session. The Italian will drive George’s car, for the team’s first of two mandatory FP1 sessions where a rookie driver must be used.
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Formula One / 2024 Dutch Grand Prix - Sunday
« Last post by fasteddy on September 17, 2024, 04:27:14 PM »
George Russell

Today’s race was an odd one. We didn’t have the pace and that was the case on all three tyre compounds. It felt that I was sliding around quite a lot, suffering from high degradation, and slowly went backwards. We will have to understand why that was as we were relatively quick on Saturday. Performance does swing circuit to circuit, but we have been up near the front in the past six races. I am therefore confident that this is an outlier.

We will get to work immediately to understand why we were slower than our competitors today. We have another race next weekend in Monza and we will aim to put in a much better showing there.
Lewis Hamilton

We knew today was all about damage limitation. We managed to work our way back into the points but ultimately, we didn’t have the pace to fight for much more today. If we had qualified better yesterday, than it may have been a little different. I enjoyed getting past several cars though and putting the Soft tyre to use in that opening stint. It felt good to move forwards but I’m a little disappointed as if we had a better Saturday, then the fight would have been for more points.

Strategy wise, we were looking at running to the end on the one-stop. I had a lock-up on the Hard tyre though and that meant we switched to the two-stop. It was a shame to lose the point for fastest lap at the end, but I should have put in a quicker effort earlier on.
Toto Wolff, Team Principal & CEO

We had a bad race today. It was quite a contrast to the previous Grand Prix in Spa where we had set the pace and finished first and second on track. We clearly got some decisions wrong in terms of how we were running the car here. We will evaluate that quickly so we can avoid another race like this. It is bruising. Sometimes it is good to be bruised though to take a step forward.

With George, we switched to a two-stop strategy as he was running out of tyre in his second stint. That higher degradation was likely in part due to some set-up decisions we took. We will need to do a full analysis to understand how much of it was down to that or other factors. With Lewis, we planned a two-stop race for him, although we were evaluating the one-stop midway through. However, he suffered a lock up on the Hard tyre and, with no risk behind, we switched him onto the two-stop strategy. His pace was good throughout though and that gives us encouragement. There is clearly lots of learning we can take from this weekend and hopefully we can bounce back next weekend in Monza.
Andrew Shovlin, Trackside Engineering Director

Overall, it has been a poor weekend. We will go away and pick through the data to understand why we were off the pace both in qualifying and race trim. Today we were lacking the speed to fight for much more than we achieved. We were not generating good grip and, consequently, were sliding around on the tyre. That led to higher degradation than our competitors and forced us into a two-stop race. We were on the back foot today, but we will be working hard to ensure that isn't the case next weekend in Monza.
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Formula One / 2024 Dutch Grand Prix - Saturday
« Last post by fasteddy on September 17, 2024, 04:25:23 PM »
George Russell

It was a challenging qualifying session today. In Q1 I was really struggling. In Q2, I had the pace to match the McLarens. In Q3, we slipped back a little and ultimately that left us in P4. I think that was probably the maximum for us today.

It was very difficult to get the tyres consistently in the right window. Lewis had great pace in Q1 but suffered from that in Q2. The conditions kept changing too so it was difficult to align everything to get the most out of the car. Finding that sweet spot was definitely not easy. The gap to the front was quite big today but I think we can have a better race tomorrow. We will be looking forward and trying to get on the podium once again.
Lewis Hamilton

Today was frustrating. We had been looking good throughout the weekend and in Q1, I was pleased with the balance of the car. Unfortunately, we struggled more in Q2, and it slipped through our fingers. I couldn’t go any faster than I did on my final lap and that wasn’t enough to get us through. These things happen but ultimately, I didn’t do a good enough job. I will push to get as many points as we can tomorrow and enjoy myself out there.
Toto Wolff, Team Principal & CEO

We were hoping for a better Saturday. In all the practice sessions, we had looked like we were close to the front of the field. Unfortunately, in Qualifying the car was on a bit of knife edge. It was hard for both drivers to get the most out of it consistently. Lewis was therefore knocked out in Q2, despite showing strong pace in Q1. George likely got the most we could have hoped for today with P4, but we are not pleased with those results.

We look ahead to tomorrow now and will be aiming to move forward with both drivers in the race. Our race pace on Friday looked solid, although it will be difficult to compete with the McLarens. They looked very strong in FP2 so our fight will likely be to get on the podium.
Andrew Shovlin, Trackside Engineering Director

Our performance today was disappointing, and we had certainly hoped for more. Both drivers looked more competitive at times in the session than the results showed. Lewis was strong in Q1 and George in Q2, but we failed to get it together when it mattered. The car hasn't felt as good for either driver today. We were suffering from understeer yesterday but today we were struggling for rear grip.

Our attention now turns to tomorrow’s race. Our long run pace was reasonable yesterday and hopefully that will remain. If it does, we will be looking to move forwards with both drivers. The McLarens looked very strong on Friday so we may be looking at keeping George in the fight for the lower reaches of the podium, rather than victory. With Lewis, we will aim to recover well and score as many points as we can.
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Formula One / 2024 Dutch Grand Prix - Friday
« Last post by fasteddy on September 17, 2024, 11:33:18 AM »
George Russell

It was good to get back in the car and into the swing of things with the first day of running here in Zandvoort. It was difficult out there due to the windy conditions. It is perhaps the windiest conditions I can remember driving an F1 car in over the past few years. Nevertheless, the car was performing really well and the updated floor we brought to Spa seemed to be working effectively.

The pack at the front seems to be quite close once again. We expect to be facing another fascinating battle across the rest of the weekend for the podium spots. That said, it could all be very different tomorrow as the conditions likely change once again. I’m excited to get back in the car tomorrow and see what we can do.
Lewis Hamilton

Today wasn’t a bad start to the weekend. Everything went well, the car was feeling alive, and we were near the front of the field on the timing screens. We understand our car and that is making starting each weekend on the front foot much easier. We can make small tweaks from there, rather than big changes, and that is making it much easier to find performance. That was the case today and sets us up well for the rest of the weekend.

There’s still more time to find out for sure. I didn’t get the most out of my lap on the Soft compound tyre so that’s encouraging for qualifying. We will go through the data on the long runs this evening and see if we can make further improvements overnight.
Andrew Shovlin, Trackside Engineering Director

Today was an encouraging start to the weekend. The conditions in FP1 were particularly tricky with very strong winds and heavy rain making it difficult to get a good read on the updated floor we brought to Spa. Nevertheless, what we saw looks in line with expectations, so we'll continue the weekend with that fitted to both cars.

Across both FP1 and FP2 the car has been working well. The single lap performance looks solid, although it's likely to be tight with Verstappen and the McLarens in qualifying as they all looked strong today. We have a few areas we can improve in that regard but no doubt the others are in a similar position. Our long runs weren’t quite as strong. We can certainly find a bit of pace with tyre management and an improved balance, but Norris looked very good this afternoon and we will need to take a step to get on his pace. We'll work hard overnight to find those gains; we've shown in recent races that, if we get the car in the right window, we can be competitive and on the basis of today, it looks like we will should be in the fight near the front tomorrow.
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Formula One / 2024 Dutch Grand Prix - Preview
« Last post by fasteddy on August 21, 2024, 03:38:47 PM »
Toto Talks Netherlands

We are ready to get back racing this weekend in Zandvoort. Ahead of the summer break, we built momentum with an improved car and stronger results. We will look to continue that progress into the final 10 races of the season. We know we have ground to make up. We are not yet able to compete for victories at every Grand Prix. We have made good steps in improving the W15's weaknesses though and will continue to work hard to take more. If we can do so, then we will close the gap to those ahead in both championships.

Zandvoort is a challenging track. With its banked corners, high-speed sections, and narrow layout, it has an old-school feel. The passionate Dutch fans always create a great atmosphere. It is a good place to get back to work and we're excited for the challenges ahead over the rest of the season.

Fact File: Dutch Grand Prix

    In general, Zandvoort has an old-school feel, with fast and flowing turns, a mix of corner speeds, undulations, gravel traps and banked turns. It puts many aspects of an F1 car to the test.
    Zandvoort is nestled in the rolling sand dunes and next to the beach on the West coast of the Netherlands. The main straight is the closest part to the coast and the back section winds its way through the dunes.
    Because of the many high-speed changes of direction, where the mass of the car can work against you, Zandvoort has the highest mass sensitivity of the year – which means, carrying more fuel will be more penalising.
    Zandvoort has one of the quickest lap times of the season and is the second shortest circuit in length after Monaco.
    The 72-lap race distance is the second most on the calendar (also after Monaco).
    It is the third highest track for downforce sensitivity, which means maximum or very high downforce is required. The only two tracks that rank higher than Zandvoort are Budapest and Monaco.
    The Zandvoort pit lane is one of three on the calendar to have a 60 km/h speed limit, rather than the usual 80. The other circuits are Monaco, and Singapore.
    For 2024, the pit building in Zandvoort has been extended by six garages.
    The Dutch Grand Prix returned to the F1 calendar in 2021 after a 36-year absence.
    F1 legend Niki Lauda took the last of his 25 wins at Zandvoort in 1985.
    Zandvoort is one of only three tracks on the F1 2024 calendar that Lewis Hamilton has not yet claimed victory at. The other two are Miami and Las Vegas. He is aiming to extend his record of most different F1 circuits won at to 32 in 2024.
    The 2022 Dutch Grand Prix saw George record his best result with the team at the time with a P2 finish.
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Like a beautiful pair of handmade shoes or some sharp sneakers complete any outfit, a cars’ wheels are what influences the aesthetics of its appearance. With the perfect balance between functionality and design, they refine and define the character of every Mercedes‑Benz and bring it to visual perfection. For centuries, wheels have always characterised our streetscape – from carts to cars – and these four “feet” bring out the individuality of their owners in a special way. From timeless classics and style icons such as the “baroque wheel” of the legendary Mercedes‑Benz C 111 from 1969 to modern aero wheels with sculptural appearances, they are often an expression of their zeitgeist and influence art, culture and design.

Today, customers can choose from a wide range of wheels. In keeping with tradition, many designs follow overarching Mercedes themes. One example is the flat design, which can be found in various guises on Mercedes‑Benz, Mercedes‑AMG and Mercedes‑Maybach cars. Cross-spoke wheels in various configurations are just as much a part of the range as filigree multi-spoke models. Single, double or triple spokes enrich the programme. Different colours and polished surfaces set further accents. The ball-burnished surfaces of the forged wheels in the Mercedes‑Maybach model series represent the top end.
The first Mercedes moved the world on wheels with wooden spokes

The inventor of the motor car was also ahead of his time when it came to choosing wheels. Carl Benz built his patented motor car in 1886 on wheels with fine metal wire spokes. They dominated for many decades. It consisted of several parts and combined firmly bolted wooden spokes with a steel rim. The first Mercedes model drove from victory to victory at the 1901 race week in Nice on wheels with twelve wooden spokes each. This Mercedes 35 hp not only went down in history as a sensational sports car but is also widely recognised as the world's first modern automobile.
Filigree wire wheels were popular in racing in the 1920s and 1930s

The lightweight yet robust wire-spoke wheels quickly became popular for sports cars. They were around 50 percent lighter than their robust wooden counterparts. For racing and record-breaking events, they were often fitted with sheet steel or aluminium covers. These “disc wheels” caused less air turbulence and therefore brought considerable aerodynamic advantages. One prominent example is the 200hp “Blitzen”‑Benz. In 1911, it was the fastest machine ever made, with a top speed of 228 km/h. Even aeroplanes and locomotives could not keep pace with it. The Blitzen Benz became a worldwide symbol of record-breaking achievement, and a legend that continues to have an impact to this day – even in art. In 1944, for example, the magazine “Esquire” published a series of racing illustrations by New York artist Peter Helck. Among others, it showed the then record-breaking driver Barney Oldfield at the wheel of the Blitzen‑Benz.
Coloured hubcaps and perforated trim rings: Icons of the 1950s boom and 1960s rock'n'roll

Beyond the flourishing motorsport sector, the sheet-steel disc wheel was used more and more frequently. It could be produced much more efficiently, and in large quantities. The pioneering 170 saloon from 1931 was the first to roll on these wheels. The design was crowned by small hubcaps with fine decorative lines, and proudly in each centre sat the Mercedes star. Various colours ranging from deep black to body colour as well as chrome-plated trim rings made it possible to fulfil individual customer wishes. Like their own footwear, customers could express themselves through their choice of wheels. Mercedes‑Benz further refined the design at the beginning of the 1950s. In addition to the hubcaps, perforated trim rings were added as a new design element. This gleaming chrome refinement celebrated its premiere in 1954 with the ‘Ponton‑Mercedes’ Type 220 (W 180) and the ambassadorial Mercedes‑Benz Type 300 b (W 186 III) saloon, the so-called “Adenauer‑Mercedes”. As the 1960s rolled around, the imperious Mercedes‑Benz 600 Pullman (W 100) also rode on these sheet-steel wheels. This iconic saloon was considered the best car of its time and was not only popular with state leaders – musicians such as John Lennon and Elvis Presley also drove the 600 Pullman.

The legendary 300 SL “Gullwing” Coupé, on the other hand, did not ride on pure-sheet-steel wheels. It was the first Mercedes‑Benz model with composite wheels. The wheel disc was made of steel, the rim of aluminium. Instead of five-wheel bolts, there was the option of a centre lock with a large wing nut as used in motor racing. With its iconic design, the 300 SL took people's hearts and the cinema by storm. Its numerous celebrity owners included Hollywood stars Sophia Loren, Gina Lollobrigida, Tony Curtis and Clark Gable.

The SL became the dream car for the dream factory. It appeared in several films over many decades. Examples are “On the Beach” from 1959 with Gregory Peck, “The Betsy” from 1978 with Laurence Olivier and Robert Duvall, “The Rookie” from 1990 with Clint Eastwood, Charlie Sheen and Raul Julia, “Batman & Robin” from 1997 with Arnold Schwarzenegger and George Clooney, and “The Green Hornet” from 2011 with Seth Rogen and Christoph Waltz. Pop artist Andy Warhol elevated the 300 SL Gullwing to the Olympus of art in the 1980s with his “Cars” series. This sports car is a design icon and still enjoys cult status today.
“Baroque wheels” in iconic multi-spoke design powered the rebellious 1970s

Another iconic and still popular art motif is another gullwing: the legendary Mercedes‑Benz C 111 from 1969. With its super-sporty silhouette and forged multi-spoke aluminium wheels, it is a design icon of the 1970s. The wheel design conveyed a high-performance appearance in a contemporary context. Affectionately known as “baroque wheels”, the multi-spoke design characterised the style of many model series in the 1970s and 1980s – for example the 280 S to 300 SEL S‑Class models, the “Stroke Eight” saloons, the SL and SLC models and the S‑Class 116 model series.
Full-surface alloy wheels mobilised the wild 1980s

In the 1980s, Mercedes‑Benz developed minimalist 15‑hole and eight‑hole alloy wheels. Their design adopted a clear design language with their smooth appearance. The full-surface wheel was used across all model series, including the 190 E 2.3‑16, the most dynamic Mercedes‑Benz at the time. The “Baby Benz,” as it was affectionately nicknamed, quickly became another cult vehicle. One of them can be seen today in the Mercedes‑Benz Museum: the 190 E 2.3 driven by actor Nicolas Cage. Another prominent example of the 15‑hole wheel is the 500 SEL saloon (126 model series), which Michael Jackson also had in his fleet. The 15‑ and eight-hole wheels are timeless classics. Their full-surface design was later reinterpreted again and again in the current monobloc wheels from AMG and Maybach.
New variety of wheel designs from the 1990s onwards

From the 1990s onwards, a new variety of wheel designs emerged. An absolute highlight from this period is the ‘EVO II’ wheel on the 190 E 2.5‑16 high‑performance saloon. It still enjoys cult status today because it came directly from motorsport and replaced the previous small multi-hole alloys. The design is based on a star with six powerful arms. The cooling air openings allow a view of the generously dimensioned brake system. Form and function are combined to perfection here.
High-gloss turned and high contrast: aerodynamically optimised wheels for electric models

New challenges and trends in wheel design arise from purely electrically powered models. They require wheels that are aerodynamically optimised for efficiency and range, as well as looking great. The formal conflict of objectives between aerodynamically necessary closed surfaces – what are referred to as “aeroskins” – and sporty, elegant designs with maximum size effect is resolved by the technology of high-gloss turning. Silver spokes and accents as well as black surfaces are used in a high-contrast interplay. Aero wheels with weight-optimised plastic inserts are also available for the first time across the Mercedes‑Benz electric range. The wheels, which feature elements with hot-stamped silver star patterns on a black background, have a particularly striking appearance.

A current aerodynamic highlight is the 20‑inch wheel for the EQS SUV. With a star-shaped aerodynamic cover made of plastic, it is perfectly matched to the flanks of its SUV tyres, which are also aerodynamically optimised. This wheel is a good example of the successful interplay between function and appearance.
A look into the future: VISION EQXX, Vision One‑Eleven and VISION AVTR

What will the wheel of the future look like? Show cars and concept vehicles give a first glimpse of what is to come. The operational concept vehicle VISION EQXX rides on lightweight magnesium forged wheels in a semi-transparent double-spoke design with rose-gold accents. Until now, magnesium has only been used for wheels in motorsport. Together with the tyres, which have low rolling resistance and improved aerodynamic geometry, the wheels increase the range. The EQXX’s record of more than 1,200 kilometres on one battery charge is also thanks to this.

With the Vision One‑Eleven, Mercedes‑Benz has presented a sports car study that combines a highly dynamic design language with innovative, all‑electric drive technology. The wheel design of the Vision One‑Eleven features highly structured elements reminiscent of the windings of electric motors - a clear reference to the modern, all‑electric drive. The wheels form a vivid contrast to the iconically reduced and smooth body shape of the vehicle, which is reminiscent of a sculptural work of art.

Whether it be performance or status, the wheel will continue to be a means of expressing sophistication and culture in the future. The “bubble wheels” of the Mercedes‑Benz VISION AVTR provide a futuristic outlook. The film “Avatar” served as inspiration for their design. The treads and the illuminated spokes merge to form a completely new type of wheel sculpture. Thanks to their almost spherical shape, the wheels enable new driving movements and a small turning circle. This is because they minimise the contact surface of the tyres with the ground. All four wheels can change direction individually. In other words, they can move forwards, backwards and even diagonally – exceptionally functional and visually perfect.
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Mercedes-Benz Group AG (ticker symbol: MBG) achieved solid second-quarter results with Group Earnings Before Interest and Taxes (EBIT) of €4.0 billion (Q2 2023: €5.0 billion) supported by operational efficiency and a focus on healthy sales of cars and vans in a challenging environment. The adjusted Return on Sales (RoS) at Mercedes-Benz Cars reached 10.2% (Q2 2023: 13.5%) and 17.5% (Q2 2023: 15.5%) at Mercedes-Benz Vans. Group revenue reached €36.7 billion (Q2 2023: €38.2 billion) in the quarter.

“Thanks to our desirable passenger cars and vans, Mercedes-Benz achieved double-digit margins in a challenging environment. Going forward, we continue to invest in cutting-edge products while fostering our financial resilience. Sales and the model mix are expected to improve in the second half of the year, supported by further market launches of new models particularly in the Top-End segment.”
Ola Kaellenius, Chief Executive Officer of Mercedes-Benz Group AG 

Investments, free cash flow, net liquidity

The free cash flow from the industrial business in the second quarter reached €1.6 billion (Q2 2023: €3.4 billion) due to the solid cash conversion rate at cars and vans. This was influenced by lower Earnings Before Interest and Taxes (EBIT) and headwinds in working capital development due to higher inventory levels ahead of the expected higher H2 sales. The net liquidity from the industrial business reached €28.0 billion (end of 2023: €31.7 billion) due to the dividend payment of €5.5 billion and cash outs for share buybacks of approximately €2.8 billion in the second quarter. Since the beginning of the buyback programmes in March 2023, the company has bought back shares for €5.1 billion as of end June 30, 2024. The Group’s investments in property, plant and equipment in the second quarter totalled €0.9 billion (Q2 2023: €0.8 billion). Research and development expenditure fell to €2.3 billion (Q2 2023: €2.4 billion).
Divisional results

Adjusted Earnings Before Interest and Taxes (EBIT) at Mercedes-Benz Cars reached €2.8 billion (Q2 2023: €3.8 billion) on lower sales volumes but resulted in an adjusted Return on Sales (RoS) of 10.2%, up from 9.0% in the first quarter, (Q2 2023: 13.5%) due to a focus on sales quality in a challenging environment and due to favourable material costs. Mercedes-Benz Cars unit sales reached 496,712 units in the second quarter, a plus of 7% compared to the first quarter due to improved product availability in China and the United States. Top-End Q2 sales increased by 6% compared to Q1, but remain below year-earlier levels, mainly due to model changeovers and a subdued market environment in Asia. The availability of Top-End models continues to improve with the all-new electric G-Class1 launched. Sales of the AMG CLE53, AMG E53 and AMG GLC43 models started in the second quarter. Furthermore, the Mercedes-Benz S-Class remains the undisputed market leader in its segment in all major markets. Sales in the Core segment rose by 8% in Q2 compared to previous quarter mainly driven by the E-Class and GLC, the latter of which has retained its status as the top-selling model.

The adjusted Return on Sales (RoS) for Mercedes-Benz Vans rose to 17.5% (Q2 2023: 15.5%). The lower unit sales were outweighed by healthy net pricing, and a favourable structure, as well as favourable material costs and positive foreign exchange effects. Adjusted Earnings Before Interest and Taxes (EBIT) increased by 5% to €834 million (Q2 2023: €792 million). Mercedes-Benz Vans global sales reached 103,435 units in the second quarter maintaining sales at the same level as in the first quarter (-2% compared to Q1). Thus, the division achieved a strong first half-year in 2024, with Q2 influenced by model changes both in the private and commercial segment of midsize and large vans and a phased ramp up of the eSprinter.

The portfolio of Mercedes-Benz Mobility shows an increasing share of xEV vehicles (battery electric vehicles and plug-in hybrid vehicles) in the second quarter of 2024. As a result, more than every second electric vehicle is now leased or financed by Mercedes-Benz Mobility. Overall, the total portfolio amounted to €135.7 billion at the end of June 2024 and is thus at the same level as year-end 2023 (FY 2023: €135.0 billion). At  €14.1 billion, the new business of Mercedes-Benz Mobility is below prior-year level (Q2 2023: €15.4 billion). The adjusted Earnings Before Interest and Taxes (EBIT) decreased to €271 million mainly driven by a lower interest margin and higher cost of credit risk (Q2 2023: €448 million). As a result, the adjusted Return on Equity (RoE) decreased to 8.4% (Q2 2023: 12.8%).

Transformation

Battery development capacity was strengthened with a new competence centre for the development of cells and batteries, the so-called eCampus designed to develop innovative chemical compositions and optimised production processes for high-performance cells with “Mercedes-Benz DNA”. Furthermore, Mercedes-Benz made progress with rolling out its Automatic Lane Change function2 in Europe. Mercedes-Benz Auto Finance Ltd. (MBAFC), part of the Mercedes-Benz Mobility division, successfully issued its first Green Auto Loan Asset-Backed-Security (ABS) in July 2024 in the Chinese Interbank Bond Market. It is Mercedes-Benz’s first Green ABS worldwide and Mercedes-Benz is the first foreign automotive company to issue a Green Asset-Backed-Security in China.
Outlook

The economic situation and automotive markets continue to be characterised by a degree of uncertainty. In addition to unexpected macroeconomic developments, uncertainties for the global economy and the business development of Mercedes-Benz Group may arise from geopolitical events and trade policy.

The company sees unit sales of Mercedes-Benz Cars at the prior-year level, with overall sales expected to

rise in the second half of 2024, driven by the full availability of all new E-Class and GLC models and an increase in Top-End Vehicle sales.

In Europe, Mercedes-Benz sees the overall sentiment improving.

In China Mercedes-Benz has a cautious view on the macroeconomic sentiment and fierce competition in the Entry segment and to a certain extent in the Core segment. In China the company seeks to successfully defend its leading position in the Top-End Vehicle segment in a softer market environment.

In the United States, solid momentum is seen for sales and demand. A positive year-over-year development is expected for the second half of 2024 driven by sales of the GLC.

The xEV share is expected to be between 19% - 20%. Sales of plug-in hybrids are expected to increase in the second half, driven by SUVs and the full availability of the E-Class.

The adjusted Return on Sales (RoS) guidance is seen in the narrower range of 10% - 11% (previously 10%-12%). Mercedes-Benz expects an increase in sales volumes and an improved model mix in the second half of the year. Mercedes-Benz also seeks to hold and defend pricing at current levels. The company sees some normalization of the used vehicle business which overall remains on a healthy level.  Investments in property plant & equipment, research & development expenditure and the adjusted Cash Conversion Rate (CCR) are seen unchanged at 0.8 to 1.0.

Mercedes-Benz Vans raises its adjusted Return on Sales (RoS) guidance to 14%-15% (previously 12% - 14%) given continued healthy net pricing and favourable structure supported by comprehensive cost reductions. The Vans division is currently in a sweet spot with regards to product lifecycle. The company expects a healthy return on sales in H2 but influenced by increasing costs for the new VAN.EA platform. Considering current macro developments and uncertainties with regard to H2, the company remains prudent and takes a cautious view. Market demand is expected to soften in the private and commercial van segments in H2. As the EV markets ease, the xEV share is now seen at 5% - 7%. The full year guidance on sales, research & development expenditure, investments in property plant & equipment as well as the adjusted CCR remain unchanged.

Due to the demanding market environment and interest rates which are remaining higher for longer, Mercedes-Benz Mobility now expects the adjusted Return on Equity (RoE) for the division in the range of 8.5% - 9.5% for the full year (previously 10%-12%). Coming from an adjusted Return on Equity (RoE) of 8.5% in H1 the company expects a flat portfolio margin in H2. Improving cost of credit risk will be partially outweighed by further increasing ramp up costs for charging infrastructure and a challenging market environment especially in China. Mercedes-Benz Mobility will continue to work on efficiencies.

The Mercedes-Benz Group confirms its group guidance. Group revenue is expected to remain at the prior- year level with Mercedes-Benz Cars, Mercedes-Benz Vans and Mercedes-Benz Mobility revenue forecasts unchanged. Group EBIT is expected to be slightly below the prior-year level, resulting out of the divisional guidance, with the guidance raise at Vans balancing out Mercedes-Benz Mobility. Group free cash flow from the industrial business is seen slightly below the very strong levels from 2023.

Link to press information “Sales figures Q2 2024”: media.mercedes-benz.com/sales

Link to capital market presentation Q2 2024: group.mercedes-benz.com/q2-2024/en

[1] Mercedes-Benz G 580 with EQ Technology | energy consumption combined: 30.3-27.7 kWh/100 km | CO₂ emissions combined: 0 g/km | CO₂ class: A. The specified values were determined in accordance with the WLTP (Worldwide harmonised Light vehicles Test Procedure) measurement method. The ranges given refer to ECE markets. The energy consumption and CO₂ emissions of a car depend not only on the efficient utilisation of the fuel or energy source by the car, but also on the driving style and other non-technical factors.

[2] MBUX Navigation is a prerequisite. The driving assistance and safety systems from Mercedes-Benz are merely aids, and do not relieve the driver of responsibility. The driver must observe the information in the Owner's Manual and the system limitations described therein.
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Formula One / 2024 Belgian Grand Prix - Sunday
« Last post by fasteddy on July 29, 2024, 01:00:01 PM »
Lewis Hamilton

It is of course disappointing for the team to lose the 1-2 but there are lots of positives to take away from today.

The car was feeling good, and we had much better pace than we expected. There were several cars that seemed similar in terms of performance but once we had got ahead, we were able to maintain that position. We committed to the two-stop strategy and covered those directly behind us. George was able to make the one-stop work and, although I got close to him in the final few laps, I was unable to get past in the dirty air.

I feel for George, and you don’t want to win a race through a disqualification, but we have been back in the fight for victories in the past few races. It is incredibly competitive now, so we will need to work hard to battle for wins more consistently. Nevertheless, we can go into the summer break with momentum and positivity.
George Russell

It is heartbreaking to be disqualified from today’s race. It had been an unbelievable Grand Prix for us to make the one-stop strategy work. In what turned out to be my final stint, the tyres just kept getting better and better. I was nursing them in the early stages and as we went further, I became more and more convinced we could get to the end on them. It was a risk worth taking and it looked like it had paid off.

Despite the disqualification, I am of course proud to have crossed the line first. It is also good that the team was still able to take the victory with Lewis. He drove a great race and was the fastest car out there on the two-stop strategy. Whilst I’m incredibly disappointed, I know we will bounce back stronger after the summer break, starting in Zandvoort.
Toto Wolff, Team Principal & CEO

We have to take our disqualification on the chin. We have clearly made a mistake and need to ensure we learn from it. We will go away, evaluate what happened and understand what went wrong. To lose a 1-2 is frustrating and we can only apologise to George who drove such a strong race. Lewis is of course promoted to P1; he was the fastest guy on the two-stop and is a deserving winner.

Despite the disqualification, there are many positives we can take from this weekend. We had a car that was the benchmark in today's race across two different strategies. Only a few months ago, that would have been inconceivable. We head into the summer break having won three of the past four races. We will look to come back after shutdown rejuvenated and with the aim of maintaining our positive trajectory.
Andrew Shovlin, Trackside Engineering Director

It's really tough for George to have been disqualified from the win after such an impressive drive. He did a brilliant job to hang onto the tyres and defend to the finish. We don't yet understand why the car was underweight following the race but will investigate thoroughly to find the explanation. We expect that the loss of rubber from the one stop was a contributing factor, and we'll work to understand how it happened. We won't be making any excuses though. It is clearly not good enough and we need to make sure it doesn't happen again.

It was a relief to have Lewis in second to inherit the victory. He also drove a strong race and was the fastest two-stopping car out there today. We can be pleased with the car pace but overall, it's disappointing not to walk away with the 1-2. That is particularly true after such a good recovery from one of our most difficult Fridays, and following a race that was so well managed by the team. We'll learn from this and be back strong in Zandvoort after the summer break.
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