Toto Wolff has described rumours that he could leave his🍷 role at the Mercede🌟s Formula 1 team as “nonsense”, as he reiterated his intention to remain at the world champion outfit.

Woꦉlff’s future at Mercedes has been the subject of muc💟h speculation in recent months, with the Austrian’s contract expiring at the end of the year and an agreement over a new deal yet to be struck.

Doubts over whether Wolff would continue in his role as Mercedes team principal were cast in media reports when he made a private inves⭕tment in Aston Martin ea🐎rlier this year, ahead of𝕴 the British sportscar manufacturer’s return to the F1 grid in 2021.

Speaking on the latest Sky Sports F1 Vodcast, Wolff once again underlined hi𓄧s commitment to Mercedes in a move to quash the speculation.

“I think it’s all nonsense but I understand in a time when there is no racing, headlines have to be made,” he replied when asked about the rumours surrounding his and Mercedes’ futu✅re.

“Yes, I bought a few shares in Aston Martin and I believe in the long-term strateg🔯y of the ca𓆉r brand and the way it’s being deployed.

“It’s a financial investment, ꩲI’m not going to play any executive role there, it’s in the capable hands of Tobias Moers [new chief executive of Aston Martin] and Lawrence [Stroll] as chꦍairman.

“I’m happy where I am. Mercedes is my family and I really enjoy the relationship I♛ have within the racing group but also within the Daimler, contrary to what is being said outside.

“I am very close to Ola Kallenius [Daimler chief] and we speak almost every week and are very much aligned. S♋o I’m not planning to go anywhere else.

“It’s o🏅ur intention to come to a situation where we can announce some kind of agreement but it’s more complex, because I am not only a team principal but there is a shareholding structure behind it at the same time.”

Recent reports in Germany suggested there was a plan for the Mercedes F1 team to be sold to Stroll as part of an exit strategy, but Daimler hit back by calling the rumours 168澳洲幸运5官方开奖结果历史:“unfounded and irresponsible”.

“There’s always some kind of campaign and agenda going on,” Wolff said in a later video conference ca𝓡ll with F1 media.

“It’s𒉰 clear that every automotive company faces di🐎fficult and insecure times.

"Every single day you open up a magazi🅠ne or newspaper it’s about Volkswagen or Renault or FIAT or Daimler, and in that respect I completely understand that a sporting platform is bei꧃ng questioned.

“The top management at Mercedes very much sees Formula 1 as a core activity – we build road carไs and we build race cars – and actually the first ever car was a race car,” he added.

“And in that respect we don’t see it simply as a marketing platform that generates valuable marketing dollars but we see it as a co-exercise. There is a technology transfer be🍸tween the road and Formula 1 and it’s not being criticised wi๊thin Daimler.

“Nevertheless we discuss all of our activi💛ties and all of our investments every single year and I think we’re just a target of somebody that wants 🍸to create some headlines and have more clicks.”