Mercedes-Benz has announced that it will leave the German Touring Car (DTM) to start competing in the Formula E electric racing championship in 2019.
The carmaker, whose Formula One team won the last three seasons, said the decision was a “strategic repositioning of its motorsport activities”.
“Formula E is like an exciting start-up venture: it offers a brand new format, combining racing with a strong event character, in order to promote current and future technologies,” said Toto Wolff, head of Mercedes-Benz motorsports division.
“Electrification is happening in the road car world and Formula E offers manufacturers an interesting platform to bring this technology to a new audience – and to do so with a completely new kind of racing, different to any other series.”
Mercedes-Benz has competed in the DTM for 26 years, with 183 race wins and 540 podium finishes.
“Our departure from the DTM brings a long-standing motorsport era to a close,” said Jens Thiemer, vice president marketing at Mercedes-Benz Cars. “It is now time to start on a new path.”