Mercedes Still Hasn’t Signed New F1 Deal

FRANKFURT, Germany (AP) – Formula One chief Bernie Ecclestone tells a German magazine he has met with Daimler AG CEO Dieter Zetsche to discuss the new Concorde Agreement, which the Mercedes team still has not agreed to sign.

The Concorde Agreement is a confidential arrangement between F1 management, teams and other stakeholders that outlines the commercial terms for participation.

Most of the F1 teams have signed onto the new deal that will govern the series until 2020. But Mercedes has been holding out for more money.