Fast Five: Mercedes' Chief Technical Officer, Mike Elliott, announces resignation, billionaire Red Bull heir gets $615 million dividend, and other big updates

Mercedes' Chief Technical Officer, Mike Elliott, announces resignation

Mercedes' Chief Technical Officer, Mike Elliott, has resigned from the team after 11 years following the team's failure to win a race this season. Elliott, who joined in 2012 as head of aerodynamics, played a significant role in the team's eight consecutive Constructors' Championships from 2014 to 2022. This departure is a setback for Lewis Hamilton, who had a close alliance with Elliott. After serving as Technical Director since July 2021, Elliott will enter a gardening leave period to consider his next career moves. 

Click here to read the full article by Will Pickworth (dailymail.co.uk)

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Billionaire Red Bull heir receives $615 million dividend

Red Bull heir Mark Mateschitz received a €582 million dividend, the lowest in three years, as his first payment since taking over the company from his late father in 2022. The reduced dividend reflects a slowdown in profitability due to rising marketing and production costs despite a 24% surge in revenue. Red Bull distributed half of its €1.56 billion profit among shareholders, with Mateschitz receiving €383 million as he owns 49% of the company. Mateschitz also received an additional €199 million in keeping with a tradition and has made management changes since taking over the company.

Click here to read the full article by Marton Eder (fortune.com)

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Why Haas current performance is ‘unsustainable’

Haas is revisiting a significant moment in Formula 1, Kevin Magnussen's pole position in the 2022 Brazilian Grand Prix, but it's unlikely to repeat such success. The team's performance has deteriorated, with only one point earned in the last 10 races, dropping them to the bottom of the championship standings. Haas's ongoing struggles, especially with tire management, have led to driver frustrations. The team's recent upgrade hasn't delivered as expected, raising concerns about their development direction for 2024. Haas faces mounting challenges, and the future remains uncertain as they grapple with their limitations and need to compete more effectively in F1.

Click here to read the full article by Scott Mitchell-Malm (the-race.com)

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Exclusive behind-the-scenes at the Mexican GP

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Sergio Perez retired on the first lap of the Mexico City Grand Prix after a collision with Charles Leclerc. Join Kym Illman for an exclusive behind-the-scenes look at what didn't make it onto the TV broadcast during the Mexican Grand Prix. Perez was the crowd favorite, with fans showing their support in the stadium through merchandise, and he had security guards escorting him into the paddock.

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Albon and Logan face off in pumpkin carving challenge

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Williams racer Logan Sargeant and his teammate, Alex Albon, faced off in a Halloween pumpkin carving competition. They had 5 minutes to create the best pumpkin design without injuring themselves or letting go of their carving tools. Sargeant appeared to be more relaxed, while his partner was a little more apprehensive. Find out who carved the better pumpkin.